Huge milly buys have occurred over the last few days. You don't know exactly how much oil they have, y accept the FIRST offer. You always counter! Get more money.
Perhaps because the original offer was a "low ball"?? Usink, Chedty, and previously owned PRODUCING assets that allowed them to acquire Usink PRIOR to the Lukoil find...
How do you know the buyer (bank) is not buying shares now on the open market? They could have purchased that 2.5 million share block yesterday 6 minutes before the close.
"Both the Company geologist and accountants agree that in any European market such as that in Frankfort or AIM in London or the Amex exchange in the U.S., the price of its stock would range between $1.45 and $2.30." http://ih.advfn.com/p.php?pid=nmona&article=59839841
So why settle for less when you and the other party know its worth more ???
I bet the other party settles with them somewhere in the middle say like .53/54