"There is no one with a declared position over 10% but that doesn't mean that there aren't companies/individuals out there with 9.9%."

That has always been my concern. Put a few of them together with like interests and it is conceivable that they could vote together to acquire at a price that people are not happy with. This is why I suspect that the sp is being held and that the premium will yield a disappointing amount. A while back what's his name on the other site cited a $7 to $10 buyout for Zen. Although I want much more, given the takeover trend, I certainly wouldn't rule out $7. When one is up against the financial muscle out there, for this very valuable but presently unsupported...unpopular stock, it will have taken some proactive saavy to nail down a delicious sp for the shareholders.

We wait to see....with fingers crossed.