Colin, who are you talking about that paid 15cps and could be one of them??????????
Any takeover would come from another company, not a fund, so im at a loss to understand who you think would make this offer.
Fatlock posted on message 6715608 what the value of RED is, so i still cant see how you could even come up with a 16 cps or 20 cps for a takeover price. It just doesnt make sense.