Ann: Letter to shareholders re Arrow Proposal , page-14

I keep hearing about how this offer undervalues BOW and from what I can tell I agree. I also keep hearing about how this lowball offer could bring out other buyers. The 3P valuation chart from abalone indicates that a much higher price is normally paid for CSG stocks. I've also heard about the supposed mysterious asian partner.

Now I suspect that offers don't get thrown together on the back of an envelope, but how long would it take for another buyer to put together a competing offer. I'm getting kind of tired of hearing about how this undervalues the stock. If that's true, lets hear from someone else who thinks so and is willing to do something about it.

I'm going to make money on this in any event, but I would like to make more. I would like to get what the company is worth. (And yes, I know that can be a difficult thing to assess.)

Also, who is buying 5 million shares at $1.43 this morning?