Counsel Corporation CXSNF

Am I seeing this right?

[OutOfMyDepth]

I'm confused as to whom an offer of $0.68 seems reasonable? The stock dropped below $0.68 just 7 months ago (mid November). It is an extremely low-volume trading stock. I find it doubtful that 2/3 of the holders of 120 million shares bought them in last 7 months at less than $0.68. This sale has to represent a major loss to most shareholders - including all of management (given other threads here indicating there has been no insider buying in years). I am also trying to understand this revelation that a secret committee was struck to find a buyer - just as management took actions that significantly reduced the company's book value and net revenues (i.e. penalties for cancelling the IT contract, $2+ million in severance to reduce workforce by 10% that seems to roughly average to be about $80k in severance per terminated employee, and the one time non-cash write down). The company said this was necessary to return the company to sustainable profitability, and that they would present their plan in the spring. Its the spring - I'd like to see that plan and compare it to the buy-out offer. Or did we just finally see management's plan? As best as I can understand the matter - the decision seems to come down to either voting to take massive investment losses to get $0.68 per share and re-build elsewhere, or to vote against a sale on the assumption that the board who unanimously voted for a sale (despite losses on their 14% of shares) will have renewed passion to build sustainable shareholder value. That's a big leap of faith - deserved? I am not sure how to vote.