Ann: Target's Statement and Independent Expert's Report, page-100

I think a lot of the buyers just above 4.2c are now hoping Gina ups her bid to say 4.5c then they make a quick 5% on their money, not bad in a month. It would appear there is no competing bid coming so it is a choice of what you are being offered or holding to see what the future will bring. I predict Redstone will get about 60% (if FMG don't sell) as the acceptances will flood in at the end of the month.

The reality is there is one offer at 4.2c, without that Atlas would be under 2c where it spent most of the year prior to original takeover offer. There has been nothing to suggest it would be worth more released in last few months. I think the board would also like better offers so any suggestion they are deliberately hiding some hidden treasure is just sour grapes.