If I were a big investor then I might follow the model of buying 4.99% of the OS myself, have my investment bankers buy a chunk and a number of friendly entities before making a buyout offer - basically at the "depressed" price.
For my various colleagues risk, I could see a ten times premium, but I would be guaranteed to own the company.
Big companies don't get big by overpaying.
I'm not suggesting that the deal is a complete scam yet (won't happen), but there won't be a buyout of 10.5b shares at $0.01.
Circumstances have changed (massive issuance of new shares), but the buyout price, assuming it's real is still $14.1M.
If I were a shareholder I would start to document the dates and some of the threads in anticipation of a law suit against the legal counsel who presumably advised on the issuance of additional shares.