Plan to buy assets, but not profittable. (go eat shYt)
According to the news, the assets they want to buy is losing money around 1 million every year. Could be 5 million every year in the future, who knows.
If transaction is succesful, they will control more than 50% of shares, so the 36million cash in the account they can determine how to spend. Small shareholders are out, finished.
Management Team tell the small shareholders: "go eat this piece of shYt".
Some small shareholders," No, I sell at price of 11 cents? Are you happy?"
Other small shareholders." No, go eat the dust!!!!"
So what's your idea?
GLTA!!!