"Joltin.....assuming you are correct, why haven't they called off the calling dogs? What would be the point?"
There are 2 reasons;
1. They are performing a clerical job for which they get something close to .50 for every sh. tendered.
2. They wish to make sure there are no screw ups which might leave them liable for damages if some ARU shareholder wished to tender & they lost it somewhere in the back office.