RE:The Rules of Engagement...Great piece of research, Quakes. Required reading for worrywarts like me. If I get this right, it means I can stop pleading for the first lowball offer as it's almost certainly moot until the vote date. This is essentially an insurance policy, albeit a potentially pricey one. Worth it if the time it buys leads to great things over the summer, as long as the big holders of FCU shares vote rationally.
It still doesn't hurt for all to contact the brass with our concerns, and make suggestions for change. The 1.26 multiple, possible improvements in FCU SP after the summer results, and PEA still need to be accounted for in the agreement.