Do nothing or accept30 Nov 2021 19:16
I started taking an interest in investing about 18 months ago, it's been a steep learning curve and will continue for some time. I have a small holding in BCN currently making a 100%+ profit. I've been reading the posts, some of which have been very informative, bickering aside, but I'm not entirely sure I understand the implications of the recommendation to hold out for a better offer. Here's what I think I understand, please correct me if I am wrong.
1.) Less than 50% vote in favour: nothing changes the share price probably crashes back to 45p. Maybe a better offer is tabled.
2.) Between 50% and 75% vote in favour. Those who voted to accept get the offer, those who didn't keep the BCN shares. What happens to the share price is anyone's guess, I'm guessing crash. Or maybe a better offer.
3.) More than 75% vote in favour, the shares are de-listed. I've no idea what happens to my shares then.
My heart says hold out, my head says accept.