Why make an offer for slglf, when you could possibly get the property cheaper if slglf goes out of business. But if they get $ to start producing then things change for the good,now anybody that wants the prop and or the company would have to offer more $. Thats just how i see it. Also Garry has unlimited shares, so it would be hard for any co to own 51% of slglf,Garry would just issue more shares.I don't know how to explain it any differently. I asked myself the same ? you did for years, this is the only explanation i 've got in my head.