About a month ago, I posted a couple of questions, hoping that some large shareholders are here and would answer.
I can't understand how large shareholders would let this sink while insiders basically refused a transaction of about 6 x the share price, without at least threatening them with suit for breach of fiduciary responsibilities.
There's something that just doesn't make sense. If the deal were for 25% premium, Ok, I'd say operational expectations and hype were enough to let it slide.
But a deal for 6 x the share price? Perhaps the offer was some type of scam to get the share price up. Who knows?
Clearly, these r/s and f/s aren't doing anything for the price. The proper way for insiders to handle this would have been to buy out the public if they felt the deal was "too low." LOL