see what gets me is why dont they lauch a hostile T/O now when...

see what gets me is why dont they lauch a hostile T/O now when the stock is near the bottom.
This always always happens, when a stock is low and good value no one wants it, not even the smart rich companies, only when its up like 50% from its low and things are looking good, than someone says Oh, this looks good, lets buy it.
Why dont they buy it now when its 35c and offer say 60c for the whole company, what would happen?
would nxs board tell shareholders NOT to sell, or would it start a bidding war which would eventually get nxs up to $1 in a final T/O??