Yahoo wont accept links. I could give one but the post will be deleted.
Only spammers can post links. Not real people !
Everyone except the 60% holder will be cashed out at $1.75 in Jan/Feb it appears.
It seems somewhat fair although a case could be made for 20-41 cents more.
At issue is the value of their property, which ranges from $4.4 million to $5.5. Using the higher figure, they use an 9% discount rate with no justification that I noticed. (But it knocks 20% off the higher value) The 8% cap rate includes a discount so I dont think a doubling is appropriate.
So,I think dissenters could get an extra 41 cents per share (+interest) more if they decide to fight for it. And I may.
Q: What will I receive upon the Company “going private?”
A: In lieu of receiving fractional shares of new common stock for your existing shares of common stock, you will receive $1.75 per share for each share of common stock you hold at the Effective Time of the “reverse stock split,” unless you properly exercised your appraisal rights for those shares.