Tada - HL would have to buy the extension to the first right of refusal which is the $10 million that was brought up. If there is a bid and HL doesn't match it and RVX accepts it, it is sold and they wasted their $10 million. If they match it and there is no raise to the bid, they buy it. That is where I said they had to be a willing bidder. If there is a raise to the first bid, they can use their ROFR to match again and all the ROFR does is make sure that if they are a serious bidder and willing to match, they will get it. If not serious, they risk putting in an offer to match that they don't want to pay and get stuck with it. If they don't match, the price doesn't go up. I don't see how they can mainipulate the price as you suggest. They have to be serious about bidding and buying to push the price up.