RE:RE:RE:Hilarious This is a cut and paste from Investopedia:
In order for a buyout to occur, an outside entity must acquire over 50% of the target company’s outstanding shares. While a majority shareholder may hold more than 50% of a company’s stocks, he may not have the authority to authorize a buyout without additional support depending on certain corporate bylaws. In cases where a super-majority is required for a buyout, the majority shareholder can be the sole deciding factor only in cases where he holds enough of the company’s stock to meet the super-majority requirement, and the minority shareholders do not have additional rights to block the effort. Minority shareholder rights can include the declaration of a derivative action or fraud in the minority, both of which effectively block the completion of the buyout. In cases where the minority shareholders believe the terms of the buyout are unfair and wish to no longer stay with the targeted business, they can exercise appraisal rights. This allows a court to determine if an offered share price is fair and has the option to compel the business initiating the buyout to pay a specified price if required.
I don't feel that the low trade yesterday was part of a conspiracy. I think it's more apt to be a small shareholder who needs some cash, small as it is. He /she is desperate enough that they put a market sell and some lucky buyer tried him on for $.345 and got it.