Vote NO on private equity 80 percent ownership grab. The stock is being sold for less than it is worth and the company is being sold for far less than it is worth.
Stock is worth more, but will a white knight emerge? Stock could still easily garner 2 bucks a share or more in a arms length sale of stock or the company, but the stock price was and is manipulated.. Consider with about 29 million shares outstanding that somehow over 90 percent of the outstanding stock was traded yesterday.. Look at price chart.. trading below a buck was unknown until late this summer to early fall. The stock was well over ten when it went public, over five last spring, over two during most of the summer. The company was supposed to be raising capital beginning last winter and spring. Just how do they get off offering 146 plus million shares at just over 20 cents per share. This is wrong and not in shareholders best interest. Vote No and can anyone say.. shareholder lawsuit?