I think what will be good is if mum and pop investors pile in at...

I think what will be good is if mum and pop investors pile in at 10k a pop (or a mum) or a 10k for mum and 10k for pop. Because.... the bottom for them (my opinion only here) is 1.01 plus franking. So you can buy right now for a 10% take home in about three months. Of course, then they can vote 'NO' to the scheme and PEP goes away. Apex is there at 97 cents average, so they aint gonna sell at a loss. And Apex then likely will try to buy fully without their new besties PEP.

But if mum and pop vote NO they need to stomach the fall in price to say 85 cents on the NO vote. But mum and pop know that in their 85 cents there is 20 cents of franked earning that will EVENTUALLY come to them in years forward.

PEP is banking on the Leftovers accepting a scr3wjob of 20% because they are just Leftovers and that is all they deserve in life. The the guys like PEP and Apex are 'big, cool fund managers'. Mind you, they never play with their own money. They play with other people's money and take a nice clip win, lose, or draw. I had the balls to play with MY MONEY.