How many folks have actually read any of the last few quarterly filings? The sections on Risk Factors? That delisting of the shares by NASDAQ was a known possibility? That Olberzes owned the majority of shares, and telling you that their objectives may not be the same as minority shareholders'?
There's nothing underhanded here and no responsibility of anyone to be looking out for your well being besides yourself. If you want to fight it, vote your shares against the buyout, go sign up with one of the ambulance chasers who will guarantee that they'll collect fees and you may see an additional couple pennies but in the interim will watch as the offer is dropped to $1.04/share.