MTDX - I'm a newbie, just bought in at .56 only a few shares, but thinking of buying some more.
The thing that I'm trying to figure out is this. In corporate law, and in equity, there is a fiduciary duty to minority shareholders. It would seem to me that turning down a deal for 5 or 6 times the market price may arguably be a violation of that duty.
If there is a real value beyond the deal price, then the majority insiders should have at least offerred to retail minority shareholders the equivalent value so that they could keep the company for themselves, with full disclosure, of course.
Am I off base on this?
Thanks in advance.