wn in position of weakness. also my theory.

WN is desperate to take full control. They even to enticed the board to do their bidding through whatever means ...

In other words, they WILL and they MUST come up with a ALL cash offer at some point once they realize the lion share of the remaining holders would not budge inch.

I can't see how anyone would settle for a $1.5 takeover.

That's exactly what it is.

My theory:

Perhaps WN's tactic is to condition us that $3 is fair value and the toilet paper hybrid bid is to dampen our enthusiasm for now.

They will then announce that rich Chinaman in HK has come up with more cash now for a $3 cash offer to lighten up our mood to create sense of well being so that we will then happily accept.