The companies own response to you smelled of bullshit.
Basically they told you that you had to buy shares prior to November 5th to be eligible for the tender offer.
Then they followed that saying that "Shareholders of record" are eligible for the tender offer. This includes ALL INDIVIDUALS with certificates (including the one I posted) and that is a LOT MORE than 6M shares.
Then he further says that you can sell your shares and RE-BUY them in the market "at a much higher price than you pay today" and STILL be eligible.
Of course, the transfer agent doesn't have the actual names or ANY information from individuals who buy stock on the street, the company would have to buy a NOBO list for that and people can OPT OUT of the NOBO list as well...
...I guess if you read between the lines, your communication from the CEO of the company is a little "fishy"
But, I'm labelled as a "basher" because I have issues with the company. I guess it's easier to call me a "basher" than it is to actually come back with logical responses. Instead we've got guys saying "IT WILL BE $4 AT THE CLOSE" and "IF YOU DIDN'T BUY IT, YOU CAN'T HANDLE RISK!" Very logical arguments there.
What about where I posted that the company is based in a strip mall and shares the address with a divorce lawyer? What about the American side of management and their shady past? What about the obvious lies about shares outstanding? etc etc etc.
Oh wait...$4 end of market on Friday...err...30 cents.
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