To be honest Chris I really don't think someone making an unapproached offer would even bother low balling a bid. If you want the company you need 80% to get it over the line. The chairman did state that if they get approached that they will sell the business on what they think it's worth not on the SP of today and the parties had better be serious, making this call the sp was 50 cents. To tell you the truth if the offer was as low as you are thinking I don't think the board would even bother. Well we should find out this week.
HYO Price at posting:
55.5¢ Sentiment: None Disclosure: Held
