They are not going to allow the takeover of the company for the...

They are not going to allow the takeover of the company for the sole benefit of impatient day-traders....

This company is trading at a deeply discounted price to its net asset value mainly because of the GFC...now that credit markets are beginning to thaw, why wouldn't they wait a while.

As a general statement, it would be much better to restore shareholder value by a restructure of debt on mutually beneficial terms, than accept a totally opportunistic takeover offer.

that said, I would not be averse to accepting 19c for my shares if it were offered, ( however there would be many holders in at an average price much higher than mine) nor would I mind staying for the longer term to see how it all plays out...