former telstra boss quits desperate quickflix , page-4

Hi Cocoman

In theaustralian article it states
"THE future of cash-strapped internet movie start-up Quickflix is in doubt amid speculation that its founder has been seeking an eleventh hour deal to take the company private."

Does anyone know what needs to happen for this to take place. I am assuming an investor could come onboard to buyout all shares with Langford. Maybe simply delisting?? what criteria do they need to meet and what are the consequences to the shareholders.

Shouldn't there have been notification from the company before it got to this state??

Not sure what to think here, hoping the strategic investor hasn't pulled out and that they can find some funding... problem is at what price now after all this media buzz.