OMID Holdings Inc (OMID)

[OhManIDied]

GDVM has a large majority stockholder who is also the managing director or an affiliate. In that position, with OMID as the other significant shareholder and only holding 525M common shares (roughly 12% of the OS), the managing director had the ability and the motive to threaten to RS (and ultimately dilute OMID's stake).
This would have been difficult to counter due to the fact that the shares OMID held were only recently discovered as certificates from around 2011 without any transaction history or deal tied to them. As such, the shares were restricted from sale as part of the public float - leaving OMID with limited option to monetize them. When they received an (potentially threatening) offer, it may have been the best option.
If you ask me, it makes no sense for a shell to be trading at the market cap that GDVM is at but apparently the draw of a speculative gamble (more like a game of musical chairs) has apparently been enough to drive it for now.