100 mil market cap with 80 mil in cash and no debt. No wonder...

100 mil market cap with 80 mil in cash and no debt. No wonder leightons are buying. Comm bank too. But who is selling? This has me miffed. When the t/o comes it would want to be worth it, if that's where its headed. Good divs too.

I hold but it feels like a train wreck in slow motion? Any thoughts would be appriciated.