Replies to post #1315 on Value Microcaps Motherboard

[researcher59]

If TREK is delisted from the OTCBB, which seems inevitable, then it will definitely trade on the pink sheets, imo. Management indicated that the reverse split and delisting was part of a 'going private' transaction. Whether they intend that to mean just becoming a non-reporting company, or whether it implies that shareholders will eventually receive a management buyout offer remains to be seen. Given that they are making this move just as the shares are seeing all-time highs on record volume (albeit still light volume) is mysterious. I can only suspect selfish motives. Perhaps they will ultimately try to buyout shareholders at a small premium to the market price, and then sell the company at a big profit, given the $6 per share present value of their reserves plus the $1 per share tangible book value. I was hoping for a takeover, but not like this !

[researcher59]

MikeS97707, HICKA.ob is a recent case of a company seeking to become a non-reporting and delist from the OTCBB by reducing the number of shareholders to under 300. However the stock is actually higher now than it was in August when they announced their plan to deregister with the SEC and go private. But it would seem that shareholder prospects for fair value are diminished in a move to the pink sheets. There are a few other such cases that I've come across, but I can't remember the stock symbols.