I think the sale would still have gone though. For a lot of people putting in a small amount of money and getting a HUGE return on it is reward enough in it's own. So if some people put in 500-1000 and ended up getting 10x or more their investment back during an acquisition, unless they had some huge personal investment, it'd be hard to turn down that kind of money in the bank. I think this would be especially true if things went to scale. The big players would call the shots though and do the same thing as they do at the board now, choose the option that makes them the most $.
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