VITI: Dr. Webb may have destroyed the stock by putting in a “poison pill” which makes the company less attractive to takeovers.
DW: .... The Plan says anyone who wishes to take over Tyhee may, however: 1) The takeover bid has to treat all shareholders equally (i.e., you can't pay one price for control, and then pay a different (lower) price to others. 2) The offer has to be open for 60 days (not 30 days), and 3) the bid has to be for at least 50% of the shares, and 4) You can't do a creeping takeover (i.e. buy 2 to 3% a week for several months. The shareholders who voted and approved of this did not believe it placed an unfair onus on an acquisition. In fact, most shareholders’s considered this a good idea, including all of our major shareholders (except one).
http://agoracom.com/ir/Tyhee/forums/discussion/topics/423126-the-serious-concerns-of-a-very-influential-tyhee-investor/messages/1388480#message