To me this sounds like the CEO is calling the bluff on the bidders. Risky yes, but most likely better than the bids he was getting. 2 weeks does not seem like a lot to ask for, sounds reasonable especially when this much money is at stake.
Optimistic I know, but....
This stock is going going back up.
If they sell assets and liquidate, fine we get .15-.20
If they take a low bid, we land at least at .10
Could also somehow get totally cancelled out, who knows.
Worth the risk to me, so I am adding all I can. I could go bust, but if not...I make a lot of money.
Lots of opinions out there, so do what you believe is right, and a result you can live with.
I would rather lose going for it than kick myself for being too scared to step up.
That is all IMO