I think the share price appreciation is on account of the board actively poisoning the chalice to dissuade a No vote. The risk of No has declined so the share price should tend towards the offer price. If there was any honour, the board should've sell out and resigned for a new board to come in and actually act on behalf of the shareholders, not themselves and/or Pfizer.
I'm pretty disgusted by the behavior of the board as they haven't given shareholders a choice. They could've played themselves into a better hand and probably got another $100 million. They are lucky for the shareholder revolt, otherwise we'd be at 12c still.
I'll be voting Yes or selling out beforehand as i'm not going to drink the punch that has a great big douche in it.
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