UnifiedOnline Inc fka UOIP

[dillythekid]

"Large shareholders or a group of controlling shareholders can sometimes be less interested in a public trading market than non-affiliated shareholders would be. Such large shareholders and/or senior management may prefer to operate as a private company and seek M&A opportunities without the burdens of public company disclosures, including Section 16 and Schedule 13D filings. Even though no “going private” transaction is contemplated in such cases, it may be nevertheless desirable to have a special committee of independent disinterested directors consider the decision to “go dark.”