"At this time, no binding offer has been made by Maudore. The company is taking appropriate steps to evaluate the proposal made by Maudore to ensure that shareholder value is maximized, and the company will continue to inform its shareholders of any additional information that is provided. At this time, no action is required by the company's

Does this mean that we have too sit and wait with NO response from Management.

TH"

One might wonder, as in the case with NOT's "bid" for FWR, if this isn't another play to see who is out there for action. Note that NOT is in the game again making "non-binding" agreements....and is it as simple as what it appears to be? Is the no response from management, bearing in mind it's really been only a few days since the Maudore announcement, just a wait to see who/what may be out there with NOT being the stimulus, as perhaps both would like to deal now? We wait to see, but it all looks a little strange....but then anything attached to NOT looks a little strange. EAG tradng today certainly was strange.