cmon - you can't be that naive. The board spends thousands of...

cmon - you can't be that naive. The board spends thousands of dollars of company funds telling everybody 40c is out of the question, way under anything near the lowest valuation, that the company is derisked, the cashflow is projected to skyrocket etc. etc. etc, and then a couple of weeks later they take 42c for their shares, advise everybody else to, and the word 'final' appears on the bidder's statement. It's called a golden handshake, and don't think for one minute that personal fortunes haven't been made out of this. That is why as a bare minimum ASIC will be investigating the misuse of company funds for a target statement not worth the paper it was written on.