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Friday, April 24, 2020 12:11:17 PM
I myself am worried they have a big plan but want to take all the money, leaving shareholders with nothing. Could they achieve this by going private? Is deregistering common stock the first step in going private, so they can sell the company for way more than the current market cap and get rich and retire? They would have to buy back all the shares held by shareholders but it would be for a fraction of they could make selling the company, right? Can this be done, is it legal? It's my main concern. For now until then this stock is a game/gamble, excellent trading stock with huge volatility for short term gains so that's why I'm here.
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