there is no buy out or offer, unreal the wacko's, if there was its $5 max, and hence the ppill, the would entertain if market got back to normal, so basically the ppill is a hedge on a bad market allowing someone to take them over ala mvg (mag silver)
In my experience whenever executives have adopted poison pills wherever I've worked its because an offer is on the table, friendly or hostile.
I remember one experience at a billion dollar software company I was working at, when another billion dollar player wanted to buy (this was about 8 years ago, when billion wasn't thrown around as much as today), the smalled company I was with pushed the pill through in a week or two. It rewarded all the execs down to directors because the deal was going to happen come hell or highwater.. I made a couple of bucks..lol.
Speculators should jump on SLW because of this. Its a good business model and if an offer is made you are guaranteed at a minimum 25% premium, if not, you have a good stock to hold for a few months that looks like its headed back technically to a strong uptrend.