"I cannot figure out why someone wouldn't vote for the buyout because you can pretty well expect a sub one dollar stock price for a long time if it doesn't pass."
If it could have been a ploy to raise cash. That would explain the low share price. The reason why it didn't hover around $3 before the vote.
Say MTDX is trading around 50¢ and they ask Mr. M to say he wants to buy out the company.
They put out a press release the stock goes up.
They create a team to start a message board to sustain share value.
People are buying and insiders are selling.
The vote goes "NO", Mr. M gets his deposit back, and all the insiders make more money then they ever did without giving up the company or making sales.
The money they spent to get the word out and share holder's meeting is paid for buy the high share price.
Disclaimer: This is just one of my ideas that I thought up and not proven fact. Its just a theory for a worst case scenario.
This is just one of my thoughts of a worst case scenario.
I hope all is going they way it was announced and there is a "Yes" vote.
I would like to hear other opinions on this.
If you don't have the time to do something right, where are you going to find the time to fix it?
-Stephen King
