IMHO and based on current trading of PNA it is more than likely that GRAM will have to raise its offer price by 10%+ to make it palatable for s/holders and board. I am also hoping that a constructive and well documented response (including an independent valuation of the coy) will likely to get other prospective suitors interested.....happy to wait, there is too much at stake for this one to be sold at a give away price.
PNA Price at posting:
$1.75 Sentiment: None Disclosure: Held
