You need to visit a vacationhouse. Too Tense. My comments were not directed towards you, but just trying to say that the taking things private thing is not a logical possibility unless I'm missing something.
All the companies I've known about that went private were making money and if they wanted to do this, they could have failed to get any number of private placements when it would have made more sense that an obvious scam just short of success.
We will know shortly about the diluttion and whether we are invested in a pool cue or a hockey stick.