Seymour Holtzman, the Wilkes Barre, Pennsylvania-based investor who serves as chairman of Casual Male Retail Group and co-chairman of George Foreman Enterprises, has notified the Securities and Exchange Commission that he considers the US$42.50-a-share, or $176m, offer made by the Appleseed's Topco affiliate of Golden Gate Capital and accepted by Blair on 23 January to be insufficient.