If the offer is actually tied to conditions, Cloudeeva would call only formal these points with publication of the offer. From the conversations I have with Adesh Tyagin, I can understand but that he uninstall in the medium term will list the S & T share and later wants to introduce new NASDAQ via Cloudeeva. He is convinced, that is on the US stock exchange a higher score achieving as in Germany. For this he needed 95 percent of S & T's shares. He will get that little in the first step. I assume, therefore, that he is first satisfied gives with a minimum acceptance threshold of 50 percent. http://investorshub.advfn.com/boards/read_msg.aspx?message_id=96940312
SAN RAMON, Calif., March 11, 2011 /PRNewswire/ -- Systems America, Inc. (Pink Sheets: SYAI) announced that its Board of Directors has elected not to effect a 1 (one) share for 4 (four) shares reverse stock split. The Company continues to believe that trading on a major national exchange rather than the OTC would provide a broader market for the Company's common stock and facilitate the use of the Company's common stock in financing transactions. The Company believes it can accomplish this by focusing on continued execution of its business plan and growing investor confidence. http://www.prnewswire.com/news-releases/systems-america-decides-against-reverse-stock-split-117792908.html
Adesh Tyagi, Chairman and Chief Executive Officer, said the Company considered current market conditions, business forecasts and other factors that could affect shareholder value. "Despite recent volatility in Systems America's share price, owing in part to shares issuance, we believe our long-term prospects remain strong and will become apparent to more investors as we announce our future growth plans." http://ih.advfn.com/p.php?pid=nmona&article=46836296
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