Agree, since the PSG, the Dissident Group call themself, provide better possible solutions to ALL Progen Shareholders by selecting one of the following three options,
(1) return $1.10 cash per share, or (2) retian all shares currently hold, or (3) elect to a combination of cash return and keep the the shares remained
If you just want money back, chosse Option1; if you feel confident on Mr. Moses, the Leader of PSG and the former VP of CSL, you may choose Option 2, orif you wnat to de-risk a little bit but keep the possible future good return, you may choose Option 3.
IMO, PSG's offer is much better then the Propsed M&A deal with AVX since the current Board of Directors put it s shareholders at risks by putting all of the cash on 1 project!!!
PGL Price at posting:
78.5¢ Sentiment: None Disclosure: Held