RE:RE:RE:RE:RE:FF is a shell company...only $3 million net cash..
Point being, anyone that sees value can make their bid at anytime & 4m breakup isn't going to slow them down. Unfortunately it's a public company & the market will tell you what it's worth at this time & I think the market is speaking. Management knows the problems ahead & feels the best position is with proven deal makers. Don't worry gcu has shopped this around & this is the best deal they've found.