There is no way in my opinion that Pincus can stall bids, which he is trying to do, that are way higher than Elliotts's. There us something wrong there. Looks like GRZ is preparing to add $1B.

If GRZ can win with their higher bid, or drive Elliott's up tp $9-10, GRZ  stands a chance to get their money. At $7+B GRZ is out of reach. And so is RML.  Then GRZ shares drop to $2.00 which it is trying to prevent and RML keeps declining. GRZ is determineed to protect its investment by the actions it has currently taken.

Right now, if Elliott prevails, the payout only reaches the top 4 or so. It's the bonds payment of $2B that eats up a lot of the money and has changed things recently on market value of trading shares.