RE:why isn't the share price up?$0.15 + 2 warrants does not mean the share price will raise above $0.15 unless there is concensus that there will be a higher priced offer. The warrants always will have some value, but only once they are in your hand. The question is will the $2.50 per share (or $0.05 before consolidation) hold and trade above that price to allow the holder to exercise.
Presumably there is a 50:1 consolidation in the works for those that do not receive payout in the $10MM pool of cash to buyout shareholders and are left holding the bag after the debt holders have been given full value.
From a shareholder perspective, the Wilk offer is still the better offer. From a management perspective, their offer is the better one, as they will keep their jobs.
leo101 wrote: getting 15 cents and cash plus 2 warrants exercisable at 5 cents should nudge it over the 15 cent share price, no? or will the warrants be worthless after a big share consolidation?