The proper response would be for the BOD to make a counter proposal benefiting the current stockholders and keep it as vague as possible and force HJ to seek clarification to ascertain the degree of seriousness of his and his undisclosed partners' part. What's on the table is not a viable proposal. Keep the door slightly ajar and not slam it completely shut. In the meantime, I'm a definite "no" to HJ and his non-serious proposal.
The proper response would be for the BOD to make a counter...
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