Ann: Cynata confirms receipt of indicative non-binding proposal, page-80

Good question, it would be good to know who the other "certain other parties" were and cessation might well be part of the terms for continuation of the process to stop them being held to ransom, however like you I have no idea as this whole scenario is so out of totally nowhere we are left to guess as to just how this came about. These Directors would be in no doubt that a very large proportion of reasonably significant holders would in no way support selling out at this low ball stab in the dark offer and by low ball I mean where do they even get the $2 figure from in the 1st place.