RE:RE:WeirdThey would need an independent evaluator to take over the company, now that they've become an insider of the company with more than 10% ownership. They could've offered to buy all the shares at $3.60 before, yet they probably didn't want to risk their 68% bid falling off altogether if the remaining shareholders decided to reject the offer then.
Not sure how an independent evaluator would value the company.
Still, the lower market price would help Waterous get the shares for a cheaper price. That's for sure.
Volume is like 45k shares with 2.2% drop in the price, it doesn't make any sense.
Waterous should look to increase the liquidity of the shares if he was to keep the ownership structure as it is.