One would need to consider the depth of the market that is...

One would need to consider the depth of the market that is prepared to pay $0.88 to buy. A few buyers may be prepared to pay $0.88 but will a takeover of the majority of the shares go ahead at $0.88?

Nevertheless, the paranoid shareholder will be asking the question: "Are the directors looking after my best interests or are they selling me down the drain in order to look after their own interests?"

Hands up, those who consider themselves to be paranoid?