"The second thing to consider is - for large super sized international companies such as TODA, even a Billion dollar bid is a small investmnet and that is $17 per share for us. Regardless of how juicy the economics are a bid today of that size would be impossible to refuse."

Now do you really think that TODA got to where it is by paying out big for little companies? One of the problems with most of the forums is that people transfer their own "would do's" and druthers on entities whose inner workings they really don't know anything about. What seems reasonable to the "wanna be rich" individual is not in the interest of the "already rich and gonna stay rich" company.