While point five makes a bit of sense, I don't think it's a significant one. The numbers we're talking here are fairly minor in the overall scheme of things. Let's say we're talking about a price difference of 10 cents (say 29 cents versus remaining at 19 cents) on the outstanding (guessing here) 80 million shares. That's only $8m. Pretty minor compared to what we're looking at when talking about bigger fish, such as a buyout of KWG at 25 cents (almost a quarter billion dollars, fully diluted).

But all interesting thoughts in the post, I agree.