There would be an ulterior motive involved and I'm suspicious of it given PEO's past history of not giving a stuff about small shareholders. The aim may be to further concentrate ownership in the hands of a few people who can then run the company more like a privately owned company according to deals done in private. The ultimate plan may be for John Ilhan to buy the company turning it into a private company as cheaply as possible by getting rid of the small shareholders as a first step. Whatever the case they would be legally obliged to offer it to all shareholders and I’m betting the major shareholders would not take up the offer.
PEO
people telecom limited
