There were 2 offers prior to VA being called firstly by Keshik OPC and secondly by GXY. The GXY offer was over the 40m debt previously held by Tribeca. Both offers would have been heavily dilutive but would have retained some form of shareholder value. Would have spelt the end for Mark and the BoD though, so they rejected and kept milking the cow for a little while longer. Pigs at the trough