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Re: BluSkies post# 18340

Wednesday, 01/02/2013 10:12:47 PM

Wednesday, January 02, 2013 10:12:47 PM

Post# of 22017
It's an overseas buyout and don't think they care too much about making other companies upset. They picked this up for pennies on the dollar or close to it. I doubt large companies are still holding a ton of shares as well- larger firms don't usually trade on the OTC.

I think they will take it private and cancel all shares- I'd by some chance they keep it trading, I imagine they will issue new shares, cancel all older shares, and find a way to make their shares have some value.

One of the big reasons they owned so many was buying for the initial take over in August as well as owning a major stake when it came to file for the auction.

All jmo-
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