Bigplay777 - question for the board, 3.Tender share price is low
posted on
May 11, 2007 02:01PM
3.Tender share price is low say, $2.50 ouch! Whats to stop that from happening, they own the board now.
This scenario is my biggest fear right now. The price is being held down it appears. What could retail shareholders do to stop a low price takeover orchestrated by say TPL/S&L/ and a cooperative PTSC board? Can this be done by a simple majority or is a 2/3 vote of all shareholders needed? The right people could actually steal a bright future right out from underneath us. Yes? No?