Here's another CEO theory...
By someone called Max on Twitter.
"REALITY FOR STOCK GENIUSES:
As CEO, you have two choices:
1. Accept the Liquidation Valuation.
2. Accept a Buyout Valuation.
You have received QUALIFIED BIDS, which you rejected for INSUFFICIENCY.
Why would you reject QUALIFIED BIDS when the only supposedly alternative is Liquidation ????
ANSWER: When (A) Liquidation is not the only alternative, OR
(B) When you received UNQUALIFIED BIDS that were superior to qualified bids, e.g., Bids that missed the deadline.
CONCLUSION
The CEO is obviously aware of ALTERNATIVES other than Liquidation, including BIDS that did not initially meet qualifying terms.
How is this FACT ESTABLISHED? --- By refusing to accept Choice 1 and Choice 2."
