RE:Not 100% sure"So, they sold pretty much all the products but not the company for 5 million"
$4.1 million or 6 cents a share. Now the question is, is that as it stands or is part of that an assumption of debt which would make the share holder payout under 6 cents. They are not clear on that, but then, what is new?
"Do we still have a company with radio broadcasting and thats it?"
The offer is to buy the business . There will be nothing left if the share holders vote for it. Note the highlighted parts.
an agreement to acquire the broadcast products business from International Datacasting Corporation (TSX:IDC), a technology provider for the world's premiere broadcasters in radio, television, data and digital cinema. The acquisition includes IDC's product portfolio, customers, and supplier relationships; following closing of the acquisition, the majority of IDC's employees are expected to join Pico Digital.
So all that is left is your "yea or nay" vote. Good luck.