RE:This isn’t a hostile takeover I hope shareholders understand Moreover, what the next move will be is the DA signed and the terms of the buyout announced, if/when fruitfully agreed upon and notarized by both parties (Revo and the buyer). I suspect that comes a lot sooner than the remaining 38 day period.
Steve will then release the news and include details of the price per share buyout (paid out as cash), and other intents such as if they want to keep the new company public (likely change the symbol) or take private. My guess is they take us private but honestly not too sure. I also suspect they will retain Steve and the Revo team for a period and pay them with salary, to finish the business plan that's missing some pieces still. This is called goodwill.
then there will be a date for a shareholder vote date to ratify the agreement, and we need 50% or more of shares to vote "FOR" the agreement for it to proceed. Note, if we have 3000 shareholders, 1500 doesn't get it done. For myself, I own about 1.6% of the float so my vote counts for 1.6% of the 50% needed. Steve has 17% control of the vote, the rest will be up to our retail shareholder base.