I've owned the stock since maybe 2015 and bought more over the years, mostly around a dollar. I wrote it up in 2019 at $0.78 and bought some more around $1.70 right when the news broke. I expect arbs to get within ~5% once people become comfortable and POLXF did just that before falling back down in the vacuum of information.
In the buyout announcement they said the next step is an "interim order approving the deal from the Ontario Court of Justice. Following receipt of a favorable interim order, the Company will call a meeting of shareholders to obtain shareholder approval...If the Arrangement is approved by shareholders at the shareholder meeting, the Company will then seek a final order from the Ontario Court of Justice approving the Arrangement and authorizing its closing."
They repeated the same info in the annual report on 5/1 but said nothing since then. Stocks drop in the absence of news and the other day it went as low as $1.61 (25%!).
I am holding my stock and waiting for the transaction. It's my 4th largest holding now. Of course I wish I had more but I'm glad I bought more as time went on.
I emailed investor relations the other day and just heard back. I've emailed with them a number of times and it does help to develop a rapport. Today they replied the interim order is done and shareholder meeting is scheduled for 6/14. I'll be getting it all in the mail soon enough.
disclosure: long POLXF