I agree with everything you have said, although he did say that the buyer would only buy EVSF if they were listed on the OTCBB, because it was not interested in being listed on the pinks.
This is clearly something he has had in process for a while.
He did tell me that he told other large shareholders from the outset that he was not willing to pump all his own cash in to keep the company going and, once that started to happen, he decided to sell.
Whatever you do, it is always good to have a plan B so I think you are bang on in saying that he probably had a few people lined up in case he didn't get the financing the old company needed to keep going. He told me he had several parties interested in buying us out, which would have been helpful in his getting the best possible price for his shares.
I think it should be obvious to us all that he wouldn't give the company away when he had several buyers lined up. The fact he has 500,000 shares in a company that is going to have 31,400,000 OS in place of 650,000 shares in a company with 1,140,000 OS is testament to the fact that he will have been shown how his shares will be worth far more than .25 a share.
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