It isn't bad, but at a bid of .83, why would I sell a cash offer of .85? Does anyone believe the Board will be required to solicit other bids?

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If they don't them yahoos are even dummer then I thought !

Mind you a positive outcome of such an exercise remains very doubtful given historical results of past efforts. Hoever, they do have a fiduciary duty to shareholder, hence have to investigate any and all possibioity to enhance the value.

Don't forget anyway this offer is being spinned, this is a hostile take over.

To be seen how it all unfolds, this end sold half and wait and see for  the rest...