Ann: Intention to Make Takeover Bid, page-65

"what's the option then? Sell out and go away?"

Not sure.
And when I'm not sure, I think "do nothing" is the appropriate thing.

If I thought these guys had the ability to sink the company, I would be gone, but it is too strong a cash flow generator for that to occur.

But what they also have no ability to do is to turn the ship around, in my view.

So, here's the way I'm playing it:

If the company gets compulsorily acquired in coming months, well then there's nothing I can do about that except take my money, pay the capital gains tax (without any 50% discount because I only acquired the shares recently).

And if the would-be acquirer walks away, well then the share price falls back to $2.00/share and shareholders will have to act to bring about change in management and strategy, which is a long, drawn out process to the restoration of value to shareholders.

I will be more than happy to do my share in that process.