If the company had any desire to increase value for shareholders, why have they not announced aquisitions and investments? They have not reported any progress for months and months. They have sequeezed shareholdings down via numerous consolidations, driving many shareholders away with the offers to buy back unmarketable parcels as a result.
Whatever money is left has been sitting in a bank account and slowly been eaten away with operational expenses and various fees etc.
If I was still a shareholder at this point - I would not feel very comfortable at all.
Once this goes private, you will have very little control over the decisions made by the compnay at that time. Even less control than you have now considering the largest shareholders having > 50% of the company.
IDG Price at posting:
$6.00 Sentiment: Sell Disclosure: Not Held
