I guess that's why there was never any attempt to force a buyout. LOL. Imagine if the acquirer had bought stock and the public found out Powers&Co. rejected the 3,4,5X offer. The stock would rock and the acquirer would sell their shares for a nice gain. Could do it all year long.
Appreciate the extended reply — a couple of things to chew on (propaganda and buy out) and digest.
The lack of a Wells letter seems telling, as you point out. How do you think this might finally get put to bed? Will the SEC issue some kind of finding or statement saying “Nothing to see here” if they do not issue a Wells letter?