Another option?Why not increase the dividend to say $2.00 annually? That would return funds to all shareholders and would have the benefit of increasing the share price. Depending on where the market wanted to see the dividend yield, say anywhere from 5 to 10%, that would put the share price at somewhere around $20 to 40. In the mid range of that would give the 3 majority shareholders the full return on their original investment.
I think part of the problem with that is it would put the warrants in the money and they would have to issue more shares.
Now we get to receive $12.58 for a portion of our shares (whether we want to sell or not) that are currently trading at $12.86 and the overall available pool of shares drops. Something doesn't smell right with this. It seems like they are trying to slowly take this company private.
Cheers.