The Board will do what boards should do: If an offer comes, they will weigh up the time/value equation and advocate the best outcome. Boiled down, is the bird in my hand (the offer) worth the two in the bush (going it alone with all the attendant risk and investment)? If the Board judges the suitor's offer is proper compensation for long-term value relinquished, then it recommends shareholders roll over.
IMO too early to put a realistic estimate on what constitutes proper compensation. You wouldn't want to sell for 50 cents now to discover you could have had $4 in two years time. Strike is now sufficiently funded to find out what's in its current gunsights and therefore what's likely to be in the broader trough. Let's find out what we have to sell before we invite dance partners along.
OOO
Ann: Greater Erregulla and Walyering Update, page-48
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