RE: RE: HUDINISHey,
Several people here have spent several DAYS tracking down, emailing, and conversing with regulators, media, and lawyers.
If you have not lifted a finger, I suggest you try thinking before you say anything negative!
It really does appear that nobody wants to touch this. The major issue is the "Neutral Party" E&Y who are monitoring the CCAA and advocate to the court what is fair and just. From day one, they signed a document stating that the buyout is better for everyone. I talked to them personally, at length, and they are steadfast on their decision. Here are a few reasons why;
1) if OPTI is so great, why are there no other offers........18 other companies did inquire.
2) Long lake's track record is absolute $hit and they don't believe in crystal balls
3) The bond holders are getting a 45% premium and shareholders are actually getting something.
4) Warrants may never be worth anything.
Argue as much as you like, you are preaching to the choir here, but nobody will be able to digest all the data we have, nor do they care to. These guys all look at it from a high level and don't have time to make it complicated, especially when PR is out that shareholders are "lucky".
That said, the party's not over yet!
Giver