Hey Vet, do GRZ have a shareholder's rights plan

They certainly do. One extra right for each share for all shareholders except those of the raider once the raider gets to 20%. The right is priced at whatever the GRZ management decides and can be converted to a full share at any time.

So GRZ sets the price at say .1 of a cent so it would cost existing shareholders $1 a thousand for the extra shares which would rank equally to all other shares in respect to voting, dividends etc. It effectively doubles the number of issued shares except for the shares held by the raider. By then declaring $1 a share dividend all the cash is distributed. The raider would get $10 million as a dividend of course but the remaining shares would be worth very little and I doubt they would still want to go ahead and offer 3 for 1 for double the number of shares with no cash attached.