I guess it depends on what you consider " long term "....
If they do in fact reject any offers and decide to try and grow revs/ profit ( while at the same time paying off the debt) I hope to see them reduce the AS, something they could do tomorrow.
Whether anyone believes it or not, the AS still scares many investors, due to the history of dilution here.
CBAI does not need an AS of 2,890,000,000.