Medite Cancer Diagnostics Inc (MDIT)

[VetteRanger]

Well, I ran across some new information after that last post. According to the 8-K just filed:

http://www.4-traders.com/CYTOCORE-INC-405973/news/CytoCore-Inc--CYTOCORE-INC-FILES-8-K-Disclosing-Entry-into-a-Material-Definitive-Agreement-Oth-17810808/

CytoCore is enabling this deal not with the transfer of 80% of existing shares, but by the issuance of enough new shares (1.5 billion) to create a new block of stock that amounts to 80% of the total. So (unless I'm missing something, and I could be) that essentially devalues all private shareholders to 20% of our current holdings too, and that makes my $37 dollar a share buyout from my last comment become say $7.50 a share. Since I bought the majority of my holding for less than 2 cents a share (I owned many fewer shares when I bought Molecular Diagnostics at $3+ per) I still wouldn't be complaining.

Just like the insiders, I'd rather have 20% of a seaworthy vessel than 100% of a ship that only had the radio aerial still above water.