JFC...dropped a mere 72,000 shares on the news and likely added some pressure today on the ask. This strategy could be to put a lid on the share price until ORV determines their next course of action. If the share price is allowed to trade to 0.78 an all cash bid of 0.75 may not have the appeal it will while the discount is still adding to shareholder uncertainty. I don't think JFC is looking forward to dilution upon completion of the proposed merger and I believe they will be looking for an all cash bid. The statement by ATW management regarding the knowledge of "higher offers" being entertained by KNB makes me question the motives of KNB management in rushing into this merger. If a superior offer is being entertained, why sign a deal with an inferior offer? Could it be self-preservation yet again? Perhaps the CEO and his buddies will join GER with the settlement from the arbitration and the others join ATW...everyone has their next move taken care of it seems... The decisions of KNB management continue to reduce shareholder value and it's unfortunate that JFC has not been more aggressive in removing management to ensure this process is undertaken with the shareholder interests at mind. Friendly negotiation should have been completed with ORV which likely would have yielded a far better result for shareholders given the premium which KNB was trading at vs, the discount of the ATW deal. With the cards on the table, ORV needs to place their bet or take their chips back and move to another table. Remember the options and warrants will add cash to any proposal above 0.70 which will help fund the net cost of the purchase and ORV would be wise to improve their bid before walking away based on the costs undertaken to initiate this process and obviously their desire to acquire El Valle. 0.75 and I believe you will see many shareholders tendering....I wonder how the timeline for the approval of the ATW deal will affect ORV's urgency to decide their next course of action...I don't think waiting until September will be prudent and if they are confident they can gain the support they need - I believe they will proceed sooner than later to ensure prompt restart of the project. Delaying this matter only serves to be a detriment to ORV with the costs of these extensions and the uncertainty places on ORV shares all the while pushing out restart of the mine.