Symbolic Logic Inc. (EVOL)

[Philip8]

The deal is bad because PartnerOne originally offered to pay over 40 million for all the shares, so instead of EVOL sitting on over $3 a share in cash, you as a shareholder would have received over $3 a share. Once the operating assets are sold, the stock will be delisted by NASDAQ for being a shell company. The trading price of the stock will fall as it is traded over the counter. The board will take the company private at a much reduced market value and a much reduced payout to minority shareholders. Julian Singer who sits on EVOL board did this with Concurrent Computer CCUR.