RE: Over subscribedManipulated, by RS?.......NOOOOO
Barryomore has said for the past the year that this was going to happen. I stated in a post back in April that this was a possible scenario. With a small float and virtually no market profile the situation is easily manipulated. Is it illegal?....Not at all. However, if a buyout offer is forthcoming it will have to be fair and reasonable. Minority shareholders have rights. A third party valuation of PAT can be asked for before tendering any shares to a take out bid. It may be crappy paper that we are offered but it must be a lgitimate offer.