it was the Kuwaitis who approached IAE and then McKendrick's ego got in the way, invited a bunch more bidders only to find out that they all came to the same conclusion that IAE was not worth the $4.00 they wanted with certainty of Athena production still in limbo.  Clearly IAE has a lot of work to do before it can be sold for anywhere near $4.00.  That's why they floated those options out there to management at $2.00 or whatever it was.  It is time to get their a<<es in gear if they want to make some money and sell the company.   Don't forget McKendrick wants this to be a $2 billion company ( previous article in Shares magazine a year or so ago ) which would mean $7.50 per share.  Seems like a pipe dream at the moment.