Regardless that I'm inclined to agree with you, this has nothing to do with LINE. This doesn't belong on our board.
At least so far today (1PM), low volume & low volatility. Maybe things will stay stable & we won't have to listen to all the rants from either side of the buy/sell aisles.
#1, It's not over $27 yet, although it may be by session's end & #2, if the S-4 was not acceptable, the SEC would have had an investigation.. They would not may a public comment other than that.
There is no such place as a safe haven in today's world. There is such a thing as managing your risk. That is speculative also, therefore not a safe haven either.