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4 minutes ago, NoTailT said:

Makes me wonder if Ettyl were a patsy for someone with more at play and maybe they found out when it was too late.. someone offered up the cash, they took it and uncovered something more. All wild speculation of course.. I'm still pissed they never got those BA Dornier 328s here.

I’m not really speculating either but the stock market takeover rules are clear. You can’t go round willy nilly making offers for listed companies that you don’t have the cash to follow through on. As that creates false markets in shares that may well increase (or decrease) in value due to a takeover announcement. 

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