Majo, Arbpro did a nice job of trying to answer your question, but apparently you didn’t get the answer you were looking for. First let me explain, you don’t purchase a publicly-traded company, you purchase ITS stock and the people that own that stock have to agree on a price that they we’ll accept. So how much would you take for the 10,000 shares you own? 2 cents, 3 or maybe a nickel. But then we’re not just talking about just you, if a company was interested in buying GLEC, they’d first start by purchasing shares on the open market until they reached an ownership level of 9.99%. When they exceed 10% they would become a “controlling shareholder” and would then have to start posting their “buys” with the SEC. Now, let’s say there are approximately 2 or 3 thousand shareholders owning the company’s stock and to buy the company they’d have deal with at least 90% of them, who’s going to go to that trouble and expense for a pink sheet company with no revenues, but may have some promising technology, which BTW, is true? If I had that kind of cake I would never pay inflated prices to you or the Ref. I mean, if they bought half of the company’s shares at a nickel, which is easily possible today, it would cost them $7.5 million, of which not one penny would help the growth of a cash-strapped company. Wouldn’t it be smarter to invest half or less of that amount in a preferred convertible stock with the cash making the company growth larger and more secure…of course it would. I’d be looking for that to happen way before someone makes a run at the common stock. So, in the meantime, do what the Ref is apparently trying to do and create some interest in the various technologies. IMHO
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