Thanks for your reply which has come much quicker than I thought might happen. As usual, you have it explained so well and logical. After my conversation with him, I checked to make sure my position was clear in my mind with dates. Even armed with that, I came here deliberately to see what other explanation might help make sense of this. You not only helped me but I'm sure others will read and learn as well. Thank you for your contributions.

He also told me that if the majority vote to accept the 19 cents offer and it passes, my shares will be tendered and I will receive the 19 cents. I told him I was not so sure that would happen, but he assured me it would. My question is.....How can someone else decide for me what I want to do? I realize that I may end up being a minority shareholder which places me in a position I would not like, but the choice should be mine to make. Cliffs might extend the offer but they are not obligated to do that.

So right now that leaves me with the option to sell into the market. That means I get whatever I can. A 19 cents limit order might get it, but I pay a commission.

And Nottie, this is how the market works and has worked for years. You can argue how things should be, but in the end you deal with what is. I have some better ideas too, but nobody listens. Such is life.