Let's pretend members of NOT.V BOD follow Henrich et al.'s game theory playing the Nash equilibrium. Then what's familiar to them is making money, even if they lose FWR.V. offer to Cliffs.
as Sudbury pointed out, they've created a win for them out of a pressure situation.
the other way is this:
If NOT.V BOD and friends retain personal FWR.V shares, then offer counter proposal to Cliffs, simply to have Cliffs counter NOT.V to up the SP, then cash out (if legal), plus the "investing world is now alert...to the Ring of Fire"- SN, making it a win win (x2) -a very excellent play.
Before this year is over, $2.00 will double as news leaks of current offers. Wes can only contain news so long, because an offer requires clerks from both parties to make copies...
sg