Fine, it's my opinion that many of the longs here believe much the same thing, LP has a share price in mind as the least she'd consider in a buyout.
I mean that’s fine and dandy. But it doesn’t mean what you think it means. The implication here is that she’s had offers and turned them down because they weren’t enough.
The fact is, it doesn’t matter if the lowest price she wants is $10, $20, or $100.
We are trading at $0.40. If she got a bonafide offer of $1/share at this point, she is legally obligated to present it. This means she isn’t getting offers of $1/share so her make believe minimum of $20/share is a pointless bar.
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