CNP 0.00% 4.0¢ cnpr group

If that is the case, why couldn't the board come out and say...

  1. 156 Posts.
    If that is the case, why couldn't the board come out and say they have received a bid and recommend SH's reject the offer. At least there would then be some sort of floor price for the share. Which would mean in a few months with a share price a little higher, wouldn't there be a better chance for equity raising.
 
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