You are leaving stuff out of your analysis. Always remember in this case there are 2 parts, the stock trading and the UOIP corporation. You own/bought shares of UOIP, not ChanBond (check your statements, I know they state UOIP). Billy is majority shareholder of UOIP, and MANAGER of ChanBond, a subsidiary. The stock trading part allows you an outlet (not the ONLY outlet) to buy and sell your shares. The stock market doesnt own your shares, you do.
In your scenario, you state that we dont own shares in a private company. Should the stock market decide to delist, revoke or whatever they want to do, only affects the stock market part. You DO own your shares in a private company after that. At that point, Billy is in the same boat we are. He has to figure out how to unload 900 million shares of his stock in either the grey market, or no stock market at all. His only real outlet becomes a buyout. We keep going back to this- Billy cannot treat your shares any differently in a buyout than his own. Even though it is a private company, it is still the corporation, of which you have rights as a shareholder. Always remember, that because we go grey, Billy wont be able to sell his fully valued shares. No one will buy them because there is no plan to continue the company, so they need to be acquired in total. That means yours as well.
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