The company has announced that we are re-branding our app from "iHookup Social" to "friendable" http://www.friendable.com. As a result the company would like to change its name to match the rebranding so as to be more recognizable and create less confusion.
The Board does not intend for this transaction to be the first step in a series of plans or proposals of a "going private transaction"
The problem here is that you aren't paying attention.
How much money -- or anything -- did you as a shareholder get when the iHookup business was taken private, and the corporation shifted to a new business model?
Someone, somewhere is profiting off iHookup. You owned it. Now you don't. What did you get for this transaction? Anything?
I'll give you three guesses as to who is profiting. First two guesses don't count. Go.