I agree, they will probably offer something around 35 or maybe...

I agree, they will probably offer something around 35 or maybe 40 cents and claim it is a huge premium to the last share price. The thing is, they waited until the share price was as low as it could get to come out with this 'attractive' offer. They positioned themselves as the sole creditors to AAX. They've got all the control and even if the Board of Directors of AAX tell shareholders not to sell, their credibility is zero - the truth is Meka overpromises and underdelivers consistently, so I don't see a future under his leadership.

I am considering averaging down by buying some more, but I don't know whether I will. I've been burned badly on this company. The fact that RCF is not being more open and stating what they are offering makes me even more cautious.