Some of his funds/companies do arbitrage, many others are engaged in long term investing. Perhaps you did not look at the list of Gabelli companies I posted earlier this week, and the numbers of shares of OCAT purchased by each? # 91914. Next.
In the event that a higher offer comes in I include it is "one of many" possibilities that may or may not happen. To say that i talked to a "secretary" at Mario Gabelli Corp to "thank him for being a long" is assuming something that is just not true. In the event that they are long with OCAT, more power to them for a wise choice with all the many developments and patents the Lanza Team has developed to help the medical needs.
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