CBA Florida Inc. (fka CBAI)

[worthylion]

The company's history notwithstanding, the current situation seems very straightforward to me. Red Oak came in as White Knight and got cheap shares which they always intended to sell. They've hired a banker to canvas the market to get the highest price for everybody's shares including their's. They will sell and not try to buy as thy have no history of taking companies private. If they were interested in buying, they would have accumulated shares along the way which they haven't. We know of at least one potentially interested buyer, but Red Oak has no incentive to give them special consideration. They will sell to the highest bidder who can credibly come up with cash at closing. Any bid that Red Oak gets is going to be multiples of their .0019 share price, so it's highly unlikely Red Oak will reject all offers and decide to continue to hold its shares--particularly because they would have to hire a CEO and other staff and pursue an operational turnaround which would take at least a few years and present execution risk. I think there's a 95% chance of a transaction where all shareholders will be bought out within the next 3-4 months. The only remaining question is price --which will be driven by how many interested bidders there are and how they value the company's assets and trajectory.