I agree. It is less than 10% above the IPO price. any stock can...

I agree. It is less than 10% above the IPO price. any stock can do it in one good day. And subsequent fall due to heavy shorting who may have seen the deal coming far ahead of the most retail investors.

A fair offer should be 40% above at least the IPO price (i.e. above $3) to give those who bought in early a respectful deal.

In my view the SP will gradually trad above IPO price this year then targeting $3 even without any offer.

We should buy at this bargain price and collectively vote against the current offer, which is almost insulting. Or at least an effort should be made to ask for more serious/respectful offer.

You don't know what is under the table behind this current low-ball offer.