The real offer is $3.54 as primary will block the other motion and there will not a be a favourable tax ruling.
The board has sold us short by not auctioning with sigma refusing to talk to primary, and signing for a break fee. This deal smells of corruption to me. That is the most complimentary way I can express the board's dealing with the matter.
SYB Price at posting:
0.0¢ Sentiment: Hold Disclosure: Held