Convergance Ethanol (mems)

[Lawrence 147]

I am just looking at the offer. The offer is to buy all out standing shares, not the company at $4.00 a share. Other than the float which is on the open market that leaves restricted shares.
Basically what I am saying is the wording of the offer does not pass the smell test. First off the offer is from a Chinese company; if we know anything about the Chinese it is there efficient use of time, they take forever and would just buy shares on the open market at ever decreasing prices until they owned the float; then they might make their offer to buy the company at distressed prices.
One thing about this company is the majority of the shares are restricted and held by management they sell these shares upon the removal of the restriction once again tanking the price.
Prior to its current owners the company belonged to an Ethanol producer (Green Company Scam) that went broke and the Chinese have been involved for a little over a year now.
It just does not pass any sort of smell test to me especially since it is a Delaware registered company; I trust very few companies registered in Delaware as it is just too easy to hide your business and shareholders loose everything in a Delaware bankruptcy court.