now that we are all on same wave length, he is some insight as to what i think their game plan is. the bod will never approve a direct proposal from bull because that would force a decision at much lower values. that then would open them to criticism and maybe other actions. so all they have to do is simply do nothing, if bull wants rawl they will induce him to tender. with the tender the shareholders must make the decision and the liability is out of the bod hands. bull would get what he wants at distress price, bod gets off the hook by letter shareholders make their decision and investment bankers get a huge fee for doing absolutely nothing. and all this better happen in a few days as rawl is on the brink of not being there.
to compete right now. you are right though as these dummies will sit back and do nothing. retail prices on RAWL products are the highest(from what i've seen)in the industry. interest rates to climb plus large debt and shrinking customer base=RAWL CHOKE. if you can handle it SELL. we got snake and nape comin' down. a real firestorm !!! or firesale.