When its all said and done - OLY are now in (and have always been) a position to stand on their own two feet. The loan to TTY is no longer an issue...they have the resources and $$$ to pay this off no problem.
I can't see any reason why the board would reccommend an acceptance of the current 10c offer. IMO TTY will need to increase its offer, or OLY will go at it alone.