Agree that bullshit offers need to be weeded out, but I don't think it would make sense for an Acquiror to propose a price without sufficient information to base that price on. Justin's post mentions bullshit offers as not putting time pressure or promise of term sheet delivery, but the email indicates they're interested in getting it done as soon as possible. Hard to say if this really was a bullshit offer, but don't think an indication of price through an email, especially prior to an NDA, would make sense.
