Why not an Take-Over of Local Corp? - Answer: CFO Cragun, CEO Thiel. CLO Reinke, the members of the boarrd and thier cronies want to steal the high valubale assets of Local Corp
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Criminal is the near closed-to-the-public form of the auction and the low start-price and the sale of assets - a lot better were an overtake of the company through companies like Yelp, Actua, Angies List, Rakuten, Blucura, Yext, Groupon, IACI and a lot others. But the criminal management of Local Corp obstruct such an overtake of Local Corp, because the cronies of the managemnt want to steal the assets of Local Corp an the sharehoder-value.
Only a sale of the complete company makes sense - a sale of only the assets is a construction of the criminal CFO Cragun, who want together with his crownies steal the valuable assets of Local Corp.
But I am sure, that companies like IACI, Acutua, Groupon, Yelp, Angi, Blucora, Verizon/AOL and similar had recognized that the revenues willl increase about 50 million the year by an overtake with a lot lower Investment.