Hostile. Never say never.
Tender offer. It is feasible if they keep the S/P down under $1. Your price would be $4/5. Mine would be no price because they would never pay $10 a share or in fact they would never pay $3/4.
They would however pay $1.50-$2. They could get many to go along with this. It would be almost a 200% rise from the current price. Do you not think that Swartz, Lincoln, maybe even board members would go along with this? They could generate 50% easy. Hell, they could get Swartz for .60.
Maybe not but who is to say?
The cost would be high, but how much is now in the PTSC coffers?
Remember, earlier this week we were dreaming of cruises. TPL and Swartz took the winds out of our sails. Remember, TPL has this set up so that the only ones that can touch us is TPL.
I am anxious to see an acquisition. This should be a done deal NOW.
It will stop my present paranoia and mess with any type of takeover. This is not pleasant, but this is raw business in all its ugliness.