elsie is an alias for somebody-not sure who yet -t

elsie is an alias for somebody-not sure who yet -there are so many on this board among bashers-usual shout fire scare tactics depending on the average ignorance of penny traders

to take a company private they would need over 50% of the shares

stockholders ultimately own the company- thats why poison pills exist and why B/D etc require proxies before they can make certain important decisions-like taking a co private

Bret has loaned NNLX money which is one of the reasons he hasnt had enough money to finish his house last we heard

he certainly doesnt have enough money to buy 50% of the stock on the open market - the process of doing so would inflate the price so much during the process that by the time he got to the 50% he might be paying 1 dollar or more/share-prohibitive

that is why -after a majority vote of the B/D's- co's make a tender offer- a set price at which they offer to buy back shares from shareholders
the pps offered has to be high enough to induce enough holders to sell-which at the present might be 20c?????

dont know how many shares Bret controls-somebody else can look up- but to acquire say 70 million of the ca 147 M O/S at .20c- is still prohibitive -14 million dollars-even if 10c still 7M

so tender offers are usually only made if there is a buyout offer from another company that NNLX's B/D's would support -but dont ask me because i never had any interest in stocks or my 1st degrees

so a tender offer at a pps high enough for NNLX to acquire 50% of the shares would by definition be GOOD NEWS for a majority of shares- just the opposite of a scare tactic

since many here have held since pps was say 50c what pps would be required in a tender offer to induce them to sell?