ChinaStockPicker, your questions have been answered in several previous posts, please go back a couple days and read them.
Also, TGTL, there has been a timeframe set. I asked you this before, what part of it do you not understand? Some of us are knowledgeable in this and can help explain if there is something you are not sure of.
Yes, it is a pink sheet stock, and that is why the price is not where it should be at. The MM's do not have to make the .49 bid until shareholders approve the deal. They are playing on soft hands to acquire shares.
patience is key and you will be happily rewarded. There is no risk here, other than the MM games, which can't be played long, time is not on their side.