Ann: Voluntary Delisting Application, page-10

If a company launches a takeover then all share owners get offered that price. They feel that the company is undervalued at 16 cents and that they can sell it privately at a higher price than 16 cents. I can't understand why all shareholders can't get this great deal. Mind you the company has constantly said that it feels it is undervalued, perhaps if they were generating consistent and growing profit the market would value it higher.