Thanks.
I think a lot of shareholders will be happy to get out of POW!.
Yeah, unless the minority shareholder held a large chunk of POW! debt, we would lose our voice in bankruptcy. There is also the real possibility a bankruptcy court would rubber stamp the Camsing buyout, and eliminate any recourse from dissenting shareholders. The bankruptcy might put POW! through a real auction, but, there are no guarantees on how that would turn out.
I think going through the dissension process is a risky move for both sides. The court could find the value to be much lower than Camsing is willing to pay, or much higher. I think Camsing made a mistake forming Linking Star Pictures with 5 POW! IP, that may allow the court to take into account synergy between the two companies, post merger, in determining value. Given the risks on both sides, it's possible, that the matter is settled before going through the whole process.
And, thanks to information provided in the proxy statement, I think there is a really great case for a class action lawsuit (Plan C), should they want to play hardball. The buyout might even eliminate a lot of the shareholders that would be able to participate in the lawsuit.
