Let's say they took the offer. They need to write a response back to the company. Then lawyers will get involved to draw up the agreements, which will need to be sent back and forth a few times to ensure everyone is happy. This could take a few weeks..
Then a proposal to the shareholders, which will have already been approved because the insiders have enough controlling shares..
If someone has been through a buyout before please help us out ..
What happens when they say that they rejected the offer because it didn't negotiate satisfactorily? What then? Red flag thrown. What happens if they say they will be bought out be a ficticious unverifiable company? Red flag again. What happens if another month goes back and nothing happens but crickets? Red flag. What about if they say they still cannot disclose details but they are working on monetizing their patents with the 'said' buyer... Another red flag IMO. My top guess is they prolong this for as long as possible to keep milking the marks. Just like Beer keeps saying, no one knows for certain who has the shares in VPLM because they were never audited by a third party because its a NON REPORTING company. You just have to take THEIR word for it, like always!
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