News: TAP Tap Oil Seeks Trading Halt, page-26

I agree with you. The fact that the "Independent Directors" were so quick to recommend acceptance indicates that they are not "Independent" at all . They seem to rely on what some "Independent" financial analysts or bankers think instead of their own analysis (which is what they are paid for). They should put their cards on the table IMHO. Like any other commodity that is traded , Tap shares are worth what someone will pay for them , not what Analysts say. They will probably stall for time - not long until 27th August to look for other bidders who might be interested. Why has it taken Risco so long to suddenly decide to increase their offer but leave a short time to accept?