Also, EE's biggest advantage is, he can accept or reject whatever offer Teck decides to put on the table if he likes or doesn't like it. We retailers, just have to accept whatever is decided for us, with no say, even if we lose money or simply break even.
True, EE has some leverage us small fry can only wish. However, as a director and officer of the company it would be his fiduciary duty to seek the maximum possible price for a buyout. If a low ball offer were accepted the rest of us dissatisfied shareholders would have legal basis for a class action lawsuit to recover the difference from Mr. EE's billions.
Nevertheless, I don't think Mr. EE is the type of billionaire that leaves money on the table in this type of deal. Billionaires become billionaires for a reason and its not by operating losing businesses or charities. He has gone this far and waited this long. Somehow, like the rest of us, I don't think he will be satisfied with just $2/sh for all this long wait and work.