Here is another clue the buyout offer is bogus. Corporate management and the BOD does not even own much of the stock. None of them holds even 1% of the stock. Most of the stock is in the hands of financiers. There is no incentive for the board or the officers to back a deal.
The Chairman only owns five one hundreds of one percent (120,001)
The CEO owns less than one half of one percent(12,412,377)
CFO owns less than one tenth of one percent (240,021)
This whole scam was cooked up by the crooked financiers.
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