Member Info for SmallerFry

forgive the stupid question, but if there is a bid on the table for 610, why is the share price lower?

Directors buy in yet price unmoved?

I'm new to this, my first two buys in Dec have gone very different directions... It's all a learning curve. If the market cap is only £2m, yet the company has £7m in cash, £7m revenues etc etc, then why the huge discount? From the accounts it looks like it made a massive £6m loss in 2013, but results since suggest profits. The only relevant news I can see is that due to repayment of loans/debt the Dec results have been delayed until mid Jan, is that a tactic to delay bad news, or genuine and in fact good news as debt will have been reduced?