GREY:CEXPF - Post by User
Comment by
RHertigon Sep 13, 2021 12:07pm
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Post# 33848739
RE:RE:RE:RE:I was able to text Jack again
RE:RE:RE:RE:I was able to text Jack again If this was a much larger position for me I would put together a 5% group. Request a discussion with the board. If they didn't respond use the 5% to call a special meeting to replace the board. You would be suprised how much faster you get a response when they sense the hand of responsibility reaching out.
Been involved in something like that a few times. We forced one board who were sitting on 18 million with no viable business anymore to distribute the cash. We left them a million to find something or wind down the assets. Amazingly they used the stub to take a private comapny public.
It ended up being worth more than the origanal company. I dumped the stub stock for pennies a share. I wish I would have kept them. If you guys get really fed up I bet there are 5% of holdings to round up. We found two funds that were sitting on shares they were holding for tax losses. I think we ended up with over 10% holdings in the group.
There are laws governing things like this. For one you might have to sign an NDA if you are involved in discussions with the management.