The current board have been complete failures, delivering shareholders dismal returns year after year. The takeover offer is lowball because the alternative - leaving the present board in charge - is even worse. The offer's significant premium to last close is thus a windfall by comparison. Some boards have poor business acumen despite all the promise of the technology. RZR has been managed to be a huge disappointment but without this bid it might be even worse.
RZR Price at posting:
3.2¢ Sentiment: None Disclosure: Not Held
