RE:6.50 bid is too lowI am not sure what PRE actual value is. your point that oil fell is one valid point. However the stock fell hard when the news came out that they lost the Rubiales field, which causes production decline and big loss of reservers, coupled with rising debt. Oil has corrected, Brazil wells are going to help the situation. So I believe the stock is worth more than $ 6.50. The company insider,s will make millions on the buyout, takeover premium. They will run the company for Alpha. I would vote for my shares for the new bunch that think the company is worth more. They need to submit a higher offer ASAP.