on the bright side management has not rolled over and accepted this, however, barring any other bids, they will likely have to accept it subject to IER,
but this smells like arrows attempt at Pure, you would think that they would simply offer fair market value and not open themselves up for a potential bidding war.
One thing to remember is that management have a ton of options that come into effect at 2$, and you'd be hard pressed to get them to leave those on the table with this bid.
fingers crossed for a BiG announcement...
BOW Price at posting:
$1.43 Sentiment: Hold Disclosure: Held