Turr: Unfortunately in the end we will have very little say even though we probably hold 20% of the company.

I am sorry, but I disagree, Turr. A buyer can squeeze out shareholders only if he controls at least 90 % of the company. With institutional and management holders controlling less than 50 % today, this would not be easy to achieve. Provided we (whoever "we" are) really control 20 % of the shares, we could be a major obstacle to get over the 90 % threshold. We have more that very little say!

As an example, this could mean an acquirer is able to buy a majority of, say, 76 %. This would be enough to control the company, but not enough to forcefully rip the shares from our hands. If he wants to control all the shares, he would first have to control 90 % of them. And in order to do that, he would have to offer a high price per share – so high, that enough of us sell their shares to bring him over the hurdle. This definitely rules out a low-ball squeeze-out!

Andrea ("Powered by POET")