I don't know why the longs are so upset or worried. Don't they remember Rufus guaranteed that no one would lose money on CSHD. In fact, he said he would use corporate cash to repurchase everyones shares to assure this. So.. what's the problem?
The shareholders committee can simply call up Rufus and tell him to extend that tender offer at say $3 (that's only $350,000,000) and buy the shares and take this thing private. Simple.. and fair to all longs..