why sp so low?, page-5

I was almost ready to buy all on offer at .9 and .10 looks like someone else did (guessing the big bidder) instead should be a good arbitrage play as would think the big bidder will step up to the plate with a higher offer and there is obviously i]ittle downside risk
I Pulled out of making a bid as have too many irons in the fire currently with other stocks and I have an aversion to poluting the planet with coal fires.