RE: Go to IAE Website I warned of Valiant owners shorting IAE when the deal was announced and IAE dropped that this would be occurring. It's comforting to see that this locking in of cash by Valiant holders is what is responsible for a lot of the sell side at this time. If the deal goes through, Valiant shareholders can cover their shorts with shares issued for the deal. If the deal doesn't go through, however, they get short squeezed, so there's some strong incentive for them to vote yes to the deal.
If the deal does go through, the sell side pressure will be relieved and IAE should rise. Interesting times.