OT: I noticed that...
Americanbulls dot com flipped to a "short" recommendation on RMBS sometime today. I imagine there must be other "trade signaling" services that did the same based on seeing the trading pattern.
I just report this to offer it as a possible explanation for RMBS's somewhat excessive loss today, and its failure to bounce back at all.
So, as twobytebus pointed out, a lower price may imply a higher number of shares to be acquired in the share repurchase.
However, I would still point out that with a share price so far down in the dumps, I would feel more comfortable if management put in place some sort of a poison pill for protection. It just seems there is increasing risk that a suitor could take out the company for some sort of typical acquisition premium of ~70% or so.....and cashing out below $20 per share just isn't what I had in mind.