Not quite yet ... perhaps., page-19

Just a thought. How much would you be happy with per share if there was a takeover offer?
I'm definitely not offering, but IMHO the longer this drags on the more it starts to look like target. Hawkeye could easily have a crack & blend it with their own system.
50c - a solid premium but I'd feel ripped.
$1+ - very unlikely but approaching the 2 year out valuation.
$3 - never going to happen, but probably the real value in 5 years time.
It is really looking like a sitting duck to me. Management are paddling like hell, but the duck isn't moving. Hopefully the immobile duck will be overlooked, and the hawk will nail a higher flyer.
Just some ramblings to fill in time between announcements.