One thing I noticed in the earnings announcement was the cash balance. Apparently, it was over $340 million at the end of June and is now reported to be around $198 million. Obviously, this will be a big topic of discussion on the call.
Nearord From United States of America, joined Jun 2004, 185 posts, RR: 1
Reply 6, posted (9 years 10 months 6 days 1 hour ago) and read 1340 times:
They don't have to answer the first question per the law. They do however have to answer the second question, it is their fiduciary responsibility to entertain any offer. If they answered the question that they would not, they would be in some trouble. They have to answer yes to that question, so don't read into it too much.