with the recommended bid at $1.52, but settlement in Jan 2012, the GFC2 around the corner, I guess we can expect s/h to sell into the pre-bid market to cash up, at well under the bid price.
so in come the hedge funds to pick up lower priced stock and wait for the Jan settlement.
they are then sitting pretty waiting for any 3rd party bid.
the worst they can do is get the $1.52 bid in 3mths time?
