why wouldn't someone buyout the shares simply for the biz AND the cash on hand. You get the entrenched management out, higher share price, and acquirer gets business for free (based on a buyout of cash on books.)
==why wouldn't someone buyout the shares simply for the biz AND the cash on hand.==
A) - The ongoing business is a perennial LOSER.
B) - When you buy a business, you're stuck with Liabilities, too. Have you actually looked at the Balance Sheet?
Sentiment: Strong Sell