Gigwoof...
You wrote:
"Let us not forget either that everything, including the book-cleanings and the recent surprise appointment of two prestigious board members, seems to point to a much quicker big board listing that many of us anticipated. Do all this and then sell out? Hmmm."
I agree that these actions protray an a good, aggressive strategy for setting the company up for fully exploiting the value of its rights in the JDZ. However, pursuing an aggressive strategy doesn't preclude the possibility of a buy-out.
I don't know whether a buy-out is likely or not. But I can tell you about my personal experience with selling a company. We were simultaneously talking to a major competitor about selling out to them, while at the same time looking seriously at buying another competitor to more directly compete with the company we ultimately sold to. We were fully prepared to follow either strategy. If we got our price, and we ultimately did, then we would sell. If we did not get an acceptable price we were prepared to invest further and go head-to-head.
The fact is that a relatively small percentage of merger/acquisition deals actually go through to fruition. You never put everything else on hold while you're negotiating a deal.
My only point here is not to jump to any conclusions either way. There is always an acceptable price at which a company is willing to sell, provided someone is willing to pay it. I think we have a reasonable idea of what our value is and I'm sure Offer has an even better idea. He certainly wouldn't give it away, but he might take a good deal.