RE: RE: RE: RE: Funny...All indications are that this hostile bid will succeed, however ORV management will need to raise the bid to over 0.80 to get enough shares onside. There has never been a statement by ORV that this offer is firm and final and I believe they are waiting to see what kind of support they have at 0.55 to determine how much more they need to bump up the offer to get the rest of the shares they need. KNB would be acting unethically imo to proceed with the GER offer without fully exploring ORV's limits especially with the clear shareholder discontent with the GER deal - just look at the share price....the majority wants a buyout which is why you see more buyers than sellers now. The fact we have millions of shares trading recently is very encouraging and it's going to be a delicate balance to ensure ORV has enough shares to stay interested but not enough to close this at 0.55. If they get 50% of shares at 0.55 it would almost certainly mean another bid in hopes to get the balance required to make this work. If I recall correctly GER's facility was originally made available to them May 1 (strangely enough also the expiry date) so I am not sure what the hold up in finalizing the deal would be considering the 6 months they had to nail down the details. Not sure if "extended" means both the advance and expiry have been pushed off to June 12 but I suspect there is something more to this than what is being disclosed....much like the operations of KNB where little transparency is provided. I don't think 0.80 is pie-in-the-sky, however posters who think KNB is better off without this deal should have sold at 0.40 before the bid came to light. 0.80 will give ORV some upside for the risks they are undertaking and KNB shareholders the premium we are looking for. Even their analyst says 1.10-1.30 is fair value, so anything over 0.80 should be considered by KNB management and put to a vote instead of them acting without the shareholder interests in mind. If a single buyer is picking up the shares that have traded recently they will soon need to report and the game should heat up at that time.