$6 would be more than adequate to win a hostile takeover.
Mgt still hasn't laid out any plan that would fix the cash situation and seems set to sell another 38% of the Company for $28 million after selling 20% for $18.5m.
Wouldnt have a prayer against a $6 offer.
CD: "Add a four in the tens column and I’d go for it"
Wont matter, majority would take the $6 without the 4 in front.