I am pleased that four law firms are now investigating. Because I have not owned the stock for a year I am not eligible to be a named plaintiff. Anyone that is, should contact the firms and ask their track record and bonefides. Further, you should ask what they would do for shareholders and what benefit the law firms would accrue.
They're all complaining about the same issue, that EMMS wasn't aggressively offered before the private engagement, so it's simple, EMMS posts a for sale sign and waits a short while before closing the original deal.
Maybe they raise their own offer to quell the shareholders or maybe another party competes or maybe it goes out at $2.40
I any case the people selling at $2.30 are leaving 5% on the table in their rush to exit and maybe a lot more. There is also an almost guaranteed floor near $2.40 regardless of earnings, moods, etc. IMO