The 83% who has a vested interest doesn't get to vote. Because they would benefit from a low offer.
First an independent BOD has to determine a fair price. That will be the offer. Then the 17% has to vote and it will pass if they get 50% of those votes.
The good thing for us is, the appraisal firm said the company is worth $15+/share. It is the one and most important aspect an independent BOD has to consider. So it can never be a low ball offer like $1. They would also open themselves up for lawsuits.
The bad part is, the shareholders will likely accept any offer they make.
So my guess is, it could be anywhere between $2 and $10. I don't think Meiping Wu would accept $2 though. If she is on our side (if she wants out and gets to vote).