frog - IMO, that's a poison pill. It has been that way since the company was founded and it was certainly one of the first things the management team would have been aware of before joining the company.
For a company that perpetually trades below .05 and is undercapitalized, they have no real protection of their IP. Legal fees alone would destroy the company. As a precaution, the only recourse is to make the company a shell. If a larger entity were interested in acquiring our IP they would be forced to negotiate a deal as there would be nothing to take over.
I've thought about the various possibilities before but this is the one that makes the most sense to me.
News 
Market Data 
Discover 
