RE:STRATEGIC REVIEW - 28+ OFFERS RECIEVED Accepting an offer at 0.245 would mean almost all of the shareholders would lose money. They would need to take an offer at $0.40 for the majority of shareholders to break even, and for it to be worth it for the top dogs involved.
As shitty as things seem now, they have a better chance at protecting their investment by simply selling the Canadian assets and operating as an international business, and hopefully getting the company value back up to $0.40 or more,