Cato,
You suggest they could get 30% in hours at $6.50 and the next day raise the offer to $8.00 and get 50% without any difficulties.
Except this Cato -- acquiring more than 20% (whether on market or otherwise) without making a formal takeover bid is unlawful. Any bid, if made, would need to treat all shareholders equally.
Just felt I had to correct you there Cato.
As to whether any takeover would succeed if it were made -- I just can't see the Prof and his associates accepting any offer unless it was out of this world. And it would have to be many multiples of Cato's figures unless all the imminent news is bad. Not very likely.
Cheers.
Analysis of the EAP, page-278
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