RE:The majority of shareholders prevent thatUnfortunaltely, when push comes to shove we might find out that there are different opinions on what a fair deal for those majority shareholders looks like.
As I mentioned in my earlier message, when it eventually comes to a takeover the offer might be a pretty good deal for management, employees etc. who hold a truck load of shares through options, warrants, RSUs and DSUs etc., or for those short term shareholder who picked up shares below the 10 cents price, but it would not be a great deal for long term shareholders hanging in here for 10+ years.
So even a low ball offer in the mid 0.30 would make those guys a nice profit and they might suddenly be on the other side when it comes to a vote for a takeover. All it takes then is 26% of those 75% shares to reach the 51% to get a "bad" deal approved.
It might be currently the only time where 75% can agree that an average of 0.165 cents for 25% stake is already a rip off.