NLN is a gem in a hot sector so another scenario to considerunder Delaware rules I believe the co. is not obliged to inform the market of an offer to purchase/intent to sell. If they were considering such a move it would make sense to push sp through the roof for as long as possible by reducing the float. Less shares makes it easier to manage sp which would be adventagous because the purchase price would be a factor of sp in the preceeding month or so and BV plus premium. However with such a small float as it is and insiders not selling and funds/institutions not selling then who on earth is selling into the bid and why?