It's not an offer. It's an agreement. The short CEILING is $15
once it is clarified by ATT that they aren't paying anymore. The longs are delusional here into believing there is a short squeeze that DETERMINES the agreement. The short squeeze ENDED at $15. It's just that the clowns here had AH to fool a few into paying higher. This is a DONE AGREEMENT. The short squeeze WAS AN 88% CLIMB. Everything above that is a TEMPORARY MISUNDERSTANDING - a poor story sold by a few playing the difference. NOTHING MORE.
Its an agreement but not a done deal. Do you think the hedges that bought last night are going to let the shorts off the hook at 15 out of the kindness of their hearts? I saw blocks at the bid trade thru, PAIN IS COMING TO SHORTY.
It might be just the first part of an auction. If Leap receives ANOTHER HIGHER OFFER, they have a fiduciary responsibility to review it. Look what happened with Clearwire. Sprint had to increase their price a few times because DISH was also trying to buy it.