RE: BANXA HOLDINGS INC. EXECUTES DEFINITIVE AGREEMENT $$$$$$$$$ This is criminal. This deal is a breach of feduciary duties to act in the best interests of all shareholders. This deal is only being done to benefit the party that put the proposal to go private together. They clearly have a plan that benefits them more when private. All long term HODL'ers underwater at $1 get bent over as a parting gift from the worst management team in history. No wonder they weren't promoting the company and stock they were purposefully holding it down to take it private at this extremely low valuation.
class action lawsuits are appropriate.