"When we get a offer, what is the next process?'

In a nutshell, once they receive an offer, the Board of Directors will assess the offer to determine if it is fair to the SH's. If they feel the offer is not fair and unacceptable, they can simply reject it. If they feel the offer is fair, they would recommend the shareholders to accept it and tender their shares before a certain date. If the majority (or a pre-determined) number of shares were tendered, there would be a deal.

The Board's recommendation would contain all the details for the process. But since insiders hold more than 60%, once they recommend acceptance of the offer, it is as good as a done deal. JMO GLTA!