RE:RE:RE:RE:RE:RE:Express "Material Change Report" released...Jeepers. Amber and Paulson have no distain for Trex. They engaged them and Trex is acting on their behalf. They are not getting screwed at all, though that's what they want the fleeced sheep to believe. Look back in my prior posts and I explained in one way back how it works. They hire a firm like Tenor that specializes in, amongs other things, hostile takeovers. Tenor creates, or uses an existing entity under their control (Trex Investments) as a vehicle to execute said takeover. Behind the scenes, and not subject to public disclosure, Amber, Paulson and whoever else they let in, invest in or usually lend money to the entity (Trex), which gives them indirect beneficial ownership of what Trex owns. Trex then uses the funds provided by the real crooks to engage in these ludicrous deals designed to give them entitlement to the company's assets in priority of everyone else. Thus indirectly giving Amber and Paulson a larger share of the pie while making it look like they're losing out like everyone else. Tenor will absolutely get paid a substantial fee for structuring the investments and CVRs in EOM but the beneficial owners of EOM/Arbitration proceeds are the ones that front the dough Trex behind the scenes.
I know many following this stock have significant skin in the game, relatively speaking, thus making it an emotional sticking point. Full disclosure, I sold my shares in the company a while back right before investing in the first CVR made available to us. I did so in hopes that Wolfe and the concerned shareholders would do the right thing and keep these guys honest going forward. Instead they looked out for their own interest and joined them. I haven't participated in a CVR since so the only thing I'm left holding is the original CVR, which I anticipate will be worthless in the end. I keep an eye on this now, only out of personal interest because I was invested so long and want to see how it all plays out.
I haven't posted in a long time and don't intend to post again after this one. I only did so to redirect the blame where it belongs. No one wants to believe this stuff goes on and people like them get away with it, but in reality, it does and they do. Like I've said before, I've seen it happen before and you're witnessing it happen now. I'll leave you with this...
What sounds more plausible? That Amber and Paulson, as intelligent and wealthy as they are, are dumb enough to just hand over their billion dollar company (EOM) to Tenor/Trex like this without saying a word or putting up any fight what so ever; or, that they saw an opportunity, engaged a company like Tenor, that specializes in structuring these types of takeovers, to assist them and devised a plan to take over as much of the company as they can without making it appear like a public hostile takeover?
Paulson is highly intelligent, extremely wealthy and a risk taker. He's an aggressive activist, not a passive flunky sheep.
https://en.wikipedia.org/wiki/John_Paulson I wish everyone that believed, and still believes in this one, the very best.
BH