@ol_griz - Three things roiling UUU (that I can offer).  1. Yes voters believe there is still a market premium in ARMZ's offer and are selling because they believe No voters will win.  2.  Lack of clarity on the closing date and the belief that it is futher away than originally expected.  3. Fear of being left behind as the uranium market advances but UUU is topped out at $2.86.