As long as the brass signs on, lines up the institutional investors- who would be quite happy with a quick profit- the retail investors will eventually just fall in line.  Even if they announce a price, it will immediately trade at that level and the buyer will gooble up any shares available until it becomes a fait accompli for the stragglers.  How many companies have been taken out with a shareholders rights plan?  Its meaningless, unless it's a truly hostile takeout, my bet is we see a "friendly" deal, and nobody cares about stubborn bravado on a bull board. I'm not saying this is necessarily the end game, but any sane investor understands if we truly have what we say we have, it becomes more of a possibility.  Only "small minds" don't compute.