RE:Martin Granger must be short NBZ
"he now critizes them for doing what they should have done a long time ago."
I watched the show on BNN and this is not what I understand him to have said.
His concern - and mine as stated when the $4 offer announcement was made - is the fact that the majority shareholders would tender ALL their shares, reducing their percentage of ownership (as not every share will be tendered by all shareholders). And they are selling at $4 which is about 45% below book value. It shows a lack of confidence by majority shareholders.
What should have been done is: the same offer with the majority shareholders stating they will NOT tender any share at $4. That would have cleaned up all the shares in weak hands at $4 or less.