The whole thing boils down to a different question IMO.Why not...

The whole thing boils down to a different question IMO.

Why not offer shares to all the shareholders @ 20c for the full $10million. No sale of any asset.

Then salim can underwrite get a fee and we can all move forward together those buying in and at a fair price.

This low ball offer for Romang and then the counterbalance is a higher share price so none of the minorities take up the offer. Its like offering me a new car at a $10,000 premium to the list price but overpaying me for my trade-in - No one else will pay for the new car but as I participate at both ends I am better off.

I intend to write to management questioning this behaviour. make it one deal all $10 million and I am happy.