We are all behind Tim Goyder and his team. We are his team!, page-544

One question (alright a couple) Hotspring.

The SP got to 2.22 on the 14/11/2022 and got down to 1.19 on the 28/12/2022.
So, some people thought it was worth 2.22 in November and some thought it was worth 1.19 in December.

As you say this is the market assessment of the SP at the time. But why?
Isn't this why you have to "DYOR", so you have a very good idea what you think the company is worth at any given point?

Do you really think it was only worth 1.19 at the end of December? Or could there have been some industry related activity or other events that caused that big drop in SP?

What I'm saying is, you have to thumb your nose at what the market is doing (frequently) and back your own judgement.
IMO anyone that is knowledgeable about the company would have been laughing at the December SP, and most likely adding.
With what I know about the company, that 2.50 suggestion was a low-ball opportunistic thing thrown out to test the markets resistance to a possible future offer. The two suggestions before it was just the comedy work up routine.

"Honestly, it ain't going to happen"
Time will tell us.