If TREK is delisted from the OTCBB, which seems inevitable, then it will definitely trade on the pink sheets, imo. Management indicated that the reverse split and delisting was part of a 'going private' transaction. Whether they intend that to mean just becoming a non-reporting company, or whether it implies that shareholders will eventually receive a management buyout offer remains to be seen. Given that they are making this move just as the shares are seeing all-time highs on record volume (albeit still light volume) is mysterious. I can only suspect selfish motives. Perhaps they will ultimately try to buyout shareholders at a small premium to the market price, and then sell the company at a big profit, given the $6 per share present value of their reserves plus the $1 per share tangible book value. I was hoping for a takeover, but not like this !
