Oakes agreed to meet, but on June 15, said the company had decided against the meeting. Oakes was reported to have said "that Edgewater would rather focus its efforts on growing the Company by investing in organic and acquisitive growth strategies.' Ameri100 then submitted a written proposal to buy all Edgewater shares at $8.50 each and Oakes confirmed receipt of the offer in writing. On June 4, Ameri100 says it received a four-line rejection from CEO Shirley Singleton. Ameri100 then submitted a revised written plan on October 26. That was the date of Edgewater's third-quarter earnings webcast, in which Singleton said, that "Earlier this week we received a merger offer".  However, she made no reference to the activities that the investor group reported as occurring in June.