Dune management had better of called every oil and gas company they could of, left no stone unturned. They needed to create an ebay type bidding frenzy to save their hide.
By walking away from a sure sale at .18 cents a share, they have left themselves wide open for a shareholder lawsuit. Also, they passed on two better funded companies for EOS and a golden parachute. It is in their best interest to have created enough Bidder interest to get all parties in the money or they will be in another court proceeding soon.