Look strategy is very simple.
1. How do you make a low-ball offer attractive? : Make it look like THEY are doing YOU a favor! Oh yes, here comes overprices White Paper Tiger to the rescue to get CMM profitable again. They will save CMM from themselves.
2. How to get shareholders to accept a low offer? Drive down shareprice with bad news. 85c looked stupid yesterday....amazing what 24 hr can do. So many people will willingly dump now.
I am amazed at the similarity between CMM and HRG. HRG couldn't seem to get anything right until Serverstal got the message that no one was selling for less than $1.