Yes I agree. I believe there has been a strong element that GXY should lose out just as much as any shareholder and not have that loss offset by a favorable purchase of the assets. So even if a competing offer for the assets was only $1 higher A40 holders would feel better about their investment loss. So essentially a vocal group of A40 holders wanted a sale to anyone but GXY.
A40 Price at posting:
8.2¢ Sentiment: Sell Disclosure: Held