Then they had better come with a YYYYuge pile of cash because I haven't waited this long for peanuts, and I'm sure management hasn't put all the hard work in for nothing.

If II-VI has made an offer to management, it seems also likely it was rejected, which means that if II-VI were to take a run at the company, it seems the poison pill would be used to fight it off; I would support that initiative for any offer under $20/sh....beyond that I would have to consider what the company has to say.

The theory seems fine, but whether we ever find out if true remains to be seen.