I think it comes down to how large your position is in the stock. If you have an over large position then this bid could be somewhat a relief. (Directors and yourself?). However, if you a strategic trader, then you have been pushed out of your strategy and you may see the best option as rejecting the bid. Hate doesn't come into it.
CXX Price at posting:
31.5¢ Sentiment: Hold Disclosure: Held