Trading since December 31 Ch1 asks a good question regarding the trading in LIX since the voting record date of December 31st. About 8 million shares have traded, or about 10% of the float.
His other comments are also telling, in that shareholders who can vote also have options that come into the money at prices over the proposed $2.61, so have an incentive to add their shares to the no vote, happy to hold out for a sweeter offer above $3. Given where the demand for Lithium seems to be heading, the likihood of a better offer appear to be a pretty good bet. Getting to a 20% no vote is looking more likely as the days go buy.
I am interested in hearing from those with contrary opinions - let's hear what you think.