If you're gambling with your stock, under what circumstances would you not take a massive 20% ROI and turn it over into a new stock? In my opinion, the real re

If you're gambling with your stock, under what circumstances would you not take a massive 20% ROI and turn it over into a new stock? In my opinion, the real reason behind the board's decision is ideological. If Someone with their ideology made the same offer, I'd bet big that they'd be announcing their acceptance and talking about the bright future for the company. Screwing your shareholders over for ideology would not sit well with a jury. I'd love for them to go to discovery over this and see what the board REALLY said.