Has anyone else received a buyback offer for Cavirtex shares from Joseph David, the CEO?

The buy back offer is for CAD$0.40 or 0.00070052 BTC per share (the equivalent of CAD$40 or 0.070052 BTC per unit as then listed on Havelock)

The offer expires Sept 25th, 2014. 

It seems like a very low price.  I wonder if you decide to keep your shares, do you have to prove you are an accredited investor?