cf's new cash offer for dml, page-24

Cathay offer $1.70. Coy/experts say it's worth $2.25.

... SP drops to 34 cents in no time. How can a reasonable person not assume that there is some sort of serious manipulation/collusion involved?

How could the company directors seriously propose to offer up 60% of the company @ 25 cents?

You would have to be utterly stupid to put the company and it's shareholders in this situation? Please please tell me otherwise...