3% creeping acquisition limit exceeded - takeover offer tomorrow morning?, page-36

Assuming 355 by June 16 and add 85 m insurance gives 44o. Add say 25 m for BI that's 465
So you would wipe off 16om dollars cash and Iron Hill and KI reserves you would count at zero. That's what the market is doing as of today's close . We are still yet to factor the full value of the insurance payout let alone plug the cash discount that existed or recognise any of the assets of future insurance payout
The idea an asset they may buy could valued at zero is also a bit ridiculous don't you think .. I do