Converge shares drop after end of strategic reviewthats the headline on BNN....thats part of it for sure but really is all the DEBT....I don't see a hostile bid from a company because of the bad balance sheeet.....the special committee should have taken the bids seriously even if they were low but they really all want to protect their titles and paychecks.
They should get rid of special committees in general.....make all bids public knowledge and let the shareholders who own the company be the decision makers.....I do not own this stock