CBA Florida Inc. (fka CBAI)

[worthylion]

Tony--Unless it's a broken auction with no resulting transaction, I think you're going to make money on those shares. One would have to assume that CCEL believes the company will be sold for a higher share price than they've most recently paid whether they are the buyer or sell their shares.
It's possible no buyer is willing/able to pay as much as Red Oak will accept although I think this is highly unlikely given Red Oak's low pps. The second risk is that a proposed transaction won't be approved by SHs. Red Oak essentially can't vote and CCEL owns less than 10%. I'm not aware that there are other large SHs, so it's difficult to predict how that vote might go. As a SH I would be very reluctant to vote down a transaction on the theory I will get more later unless I were prepared to continue to hold for years and almost certainly have the share price collapse from the offer price.