As far as $1.00 being value, it may be fine for all those that have bought in the last few months, but there are a great deal of us that have been in for many years, and many who didn't have enough cash laying around to average down to the point that $1.00 seems like a good deal.
We have to wait for this Deadline, and see if a resolution comes before that. For many of us, it has been many years, and being this close to some sort of resolution, I for one would accept an offer that gives us $1.00 'value'.