seek the light: That could be true. I don't know but I do doubt it. Why would he have to sell first? They would make an offer with the condition that they get X percent of the stock.If he did not agree to sell his shares (since he holds a majority) along with many of us they would just withdraw the offer. At least that is how I see it. I would love to know if we really ever had an offer and at what price.
Seek, I believe that the SEC rules and exposure to legal liability in this case there would be a offer for all the shares, Offor's and the minority shareholders. Of course, if I were making a offer I would be sure it was something Offor would agree to before aproaching the Board with a formal offer.
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