No doubt it was heading for the waste heap. But I think it would...

No doubt it was heading for the waste heap. But I think it would be a better result for existing shareholders to hang in there and not accept grandpa's offer. Shareholders have done it tough, and grandpa now has control of the company. I think by the company staying camped in the public (ASX) will keep Hardy and the boys honest. They need it.......and Hardy was quite a spin doctor whe he was at the helm. If grandpa and his team can turn the fortunes of the company around, why should the shareholders who did it tough not get the opprtunity to go for the turnaround ride and mitigate their losses....or even see the share price rise back into the $1 to $2 + space again?
Just my tuppence worth. I say to the existing shareholders, don't give in to grandpa.....stick it out and let's see what his team can do.