Is there Something we Don't Know Have to say that I'm very disappointed with management to say that they support this offer but I wonder if there is more to the story. Could there be yet another delay in the start-up that would send the share price spiralling downwards so Delek has offered to buy at a low ball price. You would think that should this be the case that they would have been upfront and indicated so as the majority of shareholders would then be in favour of the take-over.
Our only hope now is that the offer is rejected and Delek comes back with a higher bid and/or there are other companies interested in purchasing Ithaca.
HH