dennisdave - Would you then sell the company for say $3? I wouldn't, and I don't believe Les would either. So unless there's a serious offer with a serious number, Les would have no choice, but to speak in terms of GIA. What's he supposed to say, "well, good question, we haven't gotten any serious offers, but we do have a company for sale sign listed, because as you say, we're not structured to run the business, so we might have to take the best offer sooner than later? Or maybe there is a deal, but he's under an NDA, and he can't breach it. If that's the case, again he would have to come off as he did. Personally, I don't believe manageable has prepared themselves for a second career. A development concern is not a full blown commercial one. But these folks aren't stupid, and the last thing they would ever do is to come off desperate. But that's what you make it sound like, and there's no way they would ever present themselves in that manner.
ILT