There was a bottom feeder around a few years ago, who used to...

There was a bottom feeder around a few years ago, who used to get hold of the register of widely held public companies (e.g. TLS, CBA)and send out ridiculously low priced offers. A lot of older folk with dementia would fall for it and this low life made millions. The authorities couldn't lay a glove on him for ages. Hopefully he is now in a suitably restrained place. In many ways HHL has attracted similarly disgusting attention from companies practising similar tactics. HHL has a small register and I hope no Alzheimer sufferers have been fleeced. To answer your question, no shareholder in possession of their faculties would accept these current offers.