XOM and IOC Agree to extend outside date by 1 week!

[weaselpuppy]

Vote? That won't matter one bit. The deal starts with 50% of ALL shares voting yes, unless you believe there will be a mass exodus of institutions (note- very unlikely, as the main decision point is "you wanna get paid? vote yes.") With a 75% turnout, that means the vote is over 67% before we begin. All of this roster shuffling and wordsmithing will be to tick down the list from the Appellate Court. The only real question this time through will be do we get a cap or no, as we all and certainly the institutions have a pretty good ballpark of the likely range of product down the hole. Even pushing the cap up by 10% or so, which was the same multiplier from the OSH to XOM deals, is IMO the best case scenario, maxing the $/share at $80ish. That's 68% upside from today and 150% from announce date of the OSH deal. That's gonna fly, IMO.