You will not see much price movement until you hear from the special committee which will either accept, reject or counter the offer. Assuming acceptance or counter, the price will move at that point. If that goes forward, the next price movement will be at the shareholder vote. Assuming acceptance that will probably narrow the gap between share price and offer to about $.05 to $.10. until closing. You always have a large arb. spread on Chinese small cap MBO's because all are greeted with skepticism until the above events occur.