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If you're gut reaction was to say "no thanks" then go with it. Although you did not offer many details, the publisher must not have made a proposal that got you very excited. You seem to be producing and promoting yourself well, so you might as well keep the low price and most of the profit.
If there is a publisher you ARE interested in attracting you might be able to parlay the interest shown by the one you rejected into getting the attention of a publisher you want to see a proposal from.
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