Value Microcaps Zip Code Changers

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Under appraisal rights, stockholders who oppose a merger have the right to request that a third party determine the value of the stock. Using this appraisal, the company must buy back the stock from investors who want to withdraw from the company's pool of stockholders. The appraiser assesses the value of the stock as it would have been before the merger.

http://www.wisegeek.com/what-are-appraisal-rights.htm

Not only would an appraiser take the $130 million in pending net payments into consideration, but by the time this mythical buyout went through, the checks would have already cleared in the bank.