This one continues to be interesting and also somewhat puzzling although I'm not following the company as closely as I have already sold out after one of the improved takeover proposals.

So the superior offer from NDC for $2.05 has been voted down by shareholders. Obviously the competiting bidder Genesis voted no with their almost 20% holding but there were enough no votes from other shareholders to not pass the proposal despite the board recommending the NDC offer. The share price has obviously pulled back now. I'm not sure how this will play out so will keep an eye on it as the whole saga has been quite interesting.

I've held shares in companies through takeover offers where the deal has ultimately fallen through and watched the prices tank and likewise I've sold out early instead of waiting for the takeover to proceed and missed the subsequent boost in price as another mob have lobbed in a superior offer. In this case I've copped the latter and sold out at the high $1.60's for PSQ and missed over 20% in further potential gains by not holding on. This is one area I've often struggled where my past experiences impact my thought process and I have far too often gotten wrong and cost myself a stack of money. I'd be interested in hearing what others do during takeovers on business they own, do you have a hard and fast rule or do you play it by instinct or make an educated guess on the information in from of you? I've sat through and waited on the Altium takeover (procees should be arriving in my bank account today funnily enough) although I also had a far larger holding so the extra 1-2% made it worthwhile for me so don't regret that decision.