Well thought out but I think you left out one very important issue that bothers me. First of all, I do not know the CEO but he seems to be on the ball. My only problem with this hostile take over is it being down by inside information of potential value or ego (payback). I find it interesting that Mosaid out right rejected the offer rather than try to come to terms. At first blush it seemed that that it was a good move based on the patents(value) but the way the board reacted gave me pause to consider other motives.