GREY:BXEFF - Post by User
Post by
Halepenoson Apr 01, 2019 9:43am
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Post# 29563049
shareholders should vote against the deal
shareholders should vote against the dealCurrent shareholders should vote against the Board's proposal and to go for a full assets sell and liquidation.
Why to wait and go for a huge dilution (keep only 16%), only to come back to the same point but with lower value for assets and higher debt? Only current management would benefit while the current shareholders will anyway lose 99%.
Selling the assets at a 40-50% from current carrying value will allow the current shareholders to recover more by liquidating the company now.