"no party has engaged with ResApp with regard to evaluating or...

"no party has engaged with ResApp with regard to evaluating or providing a competing proposal"

The only realistically possible catalysts that could provoke a competing offer at this point are:

1. Somebody might launch an offer at around 20c/share IF they have $200 million sitting idle in the bank, AND the independent expert's opinion provides enough evidence to represent a first-cut due diligence exercise.
2. The quarterly report due out at the end of July is staggeringly good.

I don't see much of a likelihood of either happening.