It seems to me that someone would be willing to take over their policies at net zero effect to the company. The policies over time will be profitable to someone(the low cost Citizens are being bought out). The OIR shouldn't have a say over the assets once the policies are liquidated.
All of this is probably mute because they would never jeopardize their own jobs by doing what is right for shareholders. But it seems like they could have an orderly liquidation to me.
For whatever reasons, mainly I believe due to overall market conditions, this stock has been WAY undervalued. HCII's offer confirms as much. The offer has been an immeidate boon to our pps, but feel it would have gotten there anyway in time. My only concern now is that we may be taken over by a company not paying a dividend. I had a similiar thing just happen with GLS. If HCII paid a similiar dividend I think I would be okay with the deal. As is, the dividend is just going to evaporate.