Neither you nor I really know if they will do a tender offer but you can bet Jeff Eberwein wants to keep Robert Pearse on the board. He is a whiz kid from Silicon Valley MBA Stanford x VP Strategy and Corp Development at both HP and NTAP.
This will not happen unless Eberwein buys 3% or 2.745m shares. He has been buying daily and only owns EST 1.2m shares. LONG WAY to go. It is clear to me the volume DOES not exist buying stock this way. IF he really wants to keep his seats he has to do a TENDER and he will not pick up material shares at these prices IMHO.
Let’s face it he has been buying vapor per www.otcshortreport.com (it must be OTC BB market maker per FINRA is allowed to Naked Short NOVC stock under REG SHO exemption in the illegal name of liquidity). One stich of good news and the market maker will head for the door and start acquiring. READ 8k filed 4.27.15 it references Affiliates. Eberwein is the tip of the HF world. OTHERS will only make money if they too accumulate a position. NOVC IMO will produce material revenue across the rest of 2015 and when it does Eberwein investment will look very smart. Investors like Eberwein do not just join a public board by chance. THEY are experienced with backgrounds with George Soros and Viking Global Investors. THEY must believe in something Mr. Market does not as they are not speculators or stuck holders but investors with deep experience. They are not taking on board liability or buying NOVC by chance. THEY seek high probabilities. NOTE George Soros Eberwein x employer broke the Bank of England making Billions. Soros was JP Paulson bud they both made close to $7 Billion each in 2008 when the world was melting down. JP Paulson weeks ago gifted $400M to Harvard Univ the largest in their 200 yr history.
Let’s face it Jeff Eberwein and his affiliates with only a paltry 600k share position (per Form 3 filed 4.27th) sent a letter to NOVC Board Jan 2015: Gregory Barmore & Lance Anderson and their two paper dolls Mehrer and Burtscher and wham they rid shareholders of Edward Mehrer (paper doll #1) and with only a promise to accumulate 2.745m shares or 3% of the NOVC aka Corvisa.com pick up 2 board seats (giving real investors control of the board). Frankly the feat was amazing IMHO and is not an event that should be taken likely. YES Corvisa NEEDS to generate gross revenue, but their market problem is clearly defined at $10 B market and per Analysts like Aragon Research offer a best of breed solution in CorvisaONE (saas) and Summit Platform (paas) ALL ON the CLOUD.
IMO do you own due diligence and share.