I do see a correlation. The R/S appears to be an admission by Lenfelt that something had to change as the company kept losing money and he wasn't prepared to continue to fund it.
It appears that the company will either be taken private with existing shareholders being traken out at some price that Lenfelt or the buyer will set. Since he owns 90%, taking out existing shareholders can easily be done, again, by him or the new owner.
Do you think he will pay $100 a share? Since he can set the price, it's more likely to be closer to $6 than $100.
Yoy say no shares have traded. My understanding is that a few shares did trade. If even one share can change hans, then the shares can be traded. It's just that there is no agreement in the market as to what the price should be. Not many want to sell at $6.00 and the same for buying at $100.
