I got my tender on Saturday for my 10K shares. I don't think they get 7 million tendered. I'll wait a while longer. I need about 20k to finish paying for my shed, but I will wait for at least another dollar to pay for half of what I still owe and give them back 2k of my shares. Yes, the notice came late. This isn't going to go down.
Yes perhaps they can extend the time, but I think if $11 was good enough, Blackrock and Vanguard would have stepped in and sold. They have enough shares to fill the tender. Problem is, they aren't. Swhc's only hope at $11 is for 6.8 mil shares held by weak kneed dummies be tendered
And there aren't enough weak kneed dummies to fill the order. I think that's why they decided to do a hail Mary and mail out the amendments which were late.