Given that Luxor owns so many shares of Croc I have made the assumption that they played a large part in selling down the SP to the point that they made their offer (mid 30's). Smart.

Luxor does not want to lose money, although they have told us they do if they don't get their terms on this deal. Smart.

If they truly want this deal, and to own the majority of CRK - they are best to increase their offer in order to get support of management.

I wouldn't trust Luxor to do what they are saying in the slightest, and I think it's simply part of the negotiation process.

The good news is, if you don't think they'll take the deal you can pretty much sell for that price anyways. The market seems to think this deal is either going to get done, or its going to be done at a higher price.

I was one of those schumcks who thought $1 per share with the $2+ warrants was a bargain in the last PP.

Hoping for a better offer - I think it's Luxors only reasonable move unless they've been unloading quietly for the past couple of weeks.

I wouldnt' be surprised if this better and final offer comes nearer the last minute.