I am not sure I would say that Black cancelled the sale though as much as shareholders in general did...he just withdrew the boards recommendation that we sell...
On a lighter note another penny I own just did a 1000 to 1 split on me....LOL
He is twisting the truth. The board recommended that shareholders decline the offer because it felt the offer to be inadequate. If Black felt the offer was too low, what is he doing to get the PPS over the offer price of $.01? GLTA