I've heard after buyouts some people get a cheque

I've heard after buyouts some people get a cheque in the mail from a broker or now with online trading, it probably just is transferred back into your account. I'm at .11 per share as well. I've never heard of a pennystock being bought out and the shareholders just lose their standing shares. Shareholders usually make a substantial return (because the company is bought at a premium). There is not bashing, this is just a little on how a buyout works.