say a major is in the market & they can buy up to 10% with out reporting. this would amount to about 15 million cheap shares. then this major comes to noront with a buy in offer say for 20 % of the company say at 5 bucks another 30 million shares . all of a sudden this major could have about 30 % or 45 million shares at a very cheap price depending on the first 10 %. if a bidding war ever broke out the major with its foot in the door sure has a leg up on every one else. i don't know much about hostile take overs but i can't see other majors with an interest letting this happen with out a fight. but it will be important to be the first one to the table without too much of a fight. could be quit a chess game.