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Friday, August 02, 2013 2:33:51 PM
These "buyouts" are pretty routine for penny stocks, and just as routinely, they fall through. I know one similar mining stock in Arizona that has issued PRs (and even an 8-K) proclaiming one buyout after another for the last year. None have happened but each one produced a nice bump in stock price for a few weeks, and worked as planned.
I should go back and see if there was a clause in BONZ's 8-K regarding a due diligence clause, or if there are penalties for backing out of the deal.
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