Ann: Response to Terracom's Announcement of an Unsolicited Bid, page-2

And that response is why in a nutshell, Ter will get nowhere near 90% , we will remain listed and Ter will remain half pregnant ,
I think they were just trying to be too smart, most likely a bid of 35 cents firm would have done the trick, but Unv shareholders are a stubborn bunch and we are not about to give this away on the cheap, myself and my near circle speak for about 4.5 million shares , none are getting vended into this offer.