Mitchell Corwin Higher Quotations

We have no problem with the board aiming for a higher price. However, should the company pursue the limited breakup alone, we have serious concerns about whether that risky strategy will ultimately yield better returns for current shareholders.

They're probably disappointed in the offers that came in and they may be holding out for a higher price. Or they may be trying to do the breakup themselves, exit the underperforming markets through real estate sales and keep the operations in stronger markets.