Oh really.
They did accept Private Placements at discouted rates far below what they had told us they think they are worth.
Their asset value above their liabilities is 13,034,570 divided by 175,000,000 shares ( just a guess at O/S ) before the Private Placement makes our shares worth .07 not even taking into account REvenues.
They are obviously basing the buy out way below its real worth.
They have accepted current value as their baseline and even then the Private placements fall far short of that mark.
I had expected the company to consider their real value in a buyout offer but apparently they seem to be settling for far less and tying their shareholders into the deal for 18 months in the process.
Like I said the buyout proposal as described in the filing on PinkSheets stinks.
You actually believe that companies would not drive the price of a company down before buying.
If you buy a car or a house it is common place to find dings, dents, rust, problems with the house, to justify a cheaper offer.
Buyers want the cheapest price possible and have all the motive in the world to see that they pay the least they possibly can.
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