if a major shareholder is willing to give up a higher price to accept a lower than they must surely have something going on under the table or behind closed doors. Assuming everyone is at arm's length why would you not want 40, 45 cents or more vs a crummy 35c?
II really hope this bid just goes away and we get on with kicking goals as with all prior takeovers i think we will continur to be unpleasantly disappointed. I doubt they're going to turn around even with IER and suddenly bump up their offer to 45 or 50 cents. Esp with the initial low ball bid.
