As much as I enjoy sarcastic banter, I am going to keep it civil. Your contract law classes have served you well, you are correct, bids and offers can be pulled pre-sale.
I am surprised that in all your experience however, you have not made the connection that this message board does not actually run the company. Your concern, while merited, is thrust in the wrong area. Again, I ask, have you voiced this concern to TKO?
What you don't seem to get is that everyone here is in more or less the same position. We are all long TKO. Unless of course, someone from ThinkEquity is disgused as an I'Hub member and is trying to scare us out of our positions. I will go out on a limb and say I don't think that is the case.