RE: shareholders Rights PlanThrowing in the towel?
Don't think so - quite the contrary. Another quarter of growth and earnings and you're looking at an absolutely undervalued company for anyone trying to expand their holdings. So yes, this company needs some time to assess any offer thrown to shareholders, especially if someone in the know is contemplating a take over bid on the very very cheap. Why does an existing rights plan need to be re-confirmed beats me...I thought once you have it, it's there to be used.
The problem here is that there is enough sharks knowing about the company's difficulty in financing over the past 6 months to carft an assault. And maybe the trading over the past several weeks were part and parcel of this assault strategy...