A 10% block won't help unless you want to protect yourself against a fast track merger. It is possible, that the buyer wants to acquire 90% of the outstanding shares in a speedy fashion, that is what can happen if there is a lot of hidden (near term) value like our Mega Farm. So they would have to offer something like $30 to have a chance of acquiring that many shares.
But you can't expect people to commit to anything beforehand, IMO. The democratic process will have to take its course. But people have to remember, you don't have to agree to anything. Especially those shareholders who are in it for the long run. Anything below book value or even 2x or 3x book value will be a rip-off, obviously, because the Mega Farm will make you rich.
I'm still very surprised that this was even mentioned at the conference call. I'm going to have to listen to it later to see what was really said, as hard as that may be.
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