During THE phone call, the way I was explained it is that once...

During THE phone call, the way I was explained it is that once the board makes a recommendation they cannot do a back-flip on the deal or the recommendation, regardless of any changes in circumstance.

Only a superior offer or a NO vote can save the day.

I don't recall whether a change in the price range by the paid valuer was another but I expect that they would need to be re-engaged to do so. There valuation was likely to the best of their knowledge at the time.

Should we contact the valuer and ask whether their sums still add up? Maybe ask how much to revisit the valuation?