If BRM revises the bid to all cash (which is what I've always...

If BRM revises the bid to all cash (which is what I've always thought was the game plan) and using the phoney independent expert to condition us that $3 is fair, then they will do so before the Feb 20th deadline expires.

If they wait until the deadline expires and still with very few more acceptances, then they will look much worse and weaken their position than if they just come up with a all cash bid say a couple of weeks before the expiry.

If they can't get those extra shares now, they will never get them no matter how many times they keep extending.