20 cents a share = ipo price too low

I remember , that 20 cents per share is equal to the initial public offer.

So, that is nothing better than expected offer.

That offer is destroying the ADE whole company.

Nothing benefits to anyone, only good for BPT.

I still remember company LNC has good offer to SXP @0.75 to takeover. - that was 3 years ago.

SXP has initial public offer price @20 cents.

SO, why PBT can not offer that very similar price????

Cheers