I agree with you kopchai - any low ball offer should have been announced to the market. Unless the offer was a verbal offer to test the water .
Although if the offer came at 80c and the recommendation was to reject the offer I would of thought there would still need to be a vote -. What would you have voted to 80c ? - I would have taken the money and run. So if they think it is worth a lot more best not to put it on paper.
