Counsel Corporation CXSNF

RE:Am I seeing this right?

[OutOfMyDepth]

Upon reflection, I think I always found the lack of liquidity in this stock to be part of it's charm. It told me the majority of the stock was held by long term investors intent on seeing growth beyond their initial buy-in price point (which for most I assume is north of $1.25, considerably more for me). If the proposed buyer had tried to simply buy up shares on the market - I don't think they would even get close to a majority stake for $85 million (for the exact same reason). So how do you convince a majority of long term investors that the best outcome for the company (now comprised of just 180 employees) is to sell at steep loses to a private investment company (because when they say this sale is the best option for the company - who else are they referring to? Definitely not any shareholders who didn't buy in at $0.50). This stikes me at a crazy low price for a Canadian Schedule 1 bank. I can't think of any other instance where this scenario would happen. But again - I'm out of my depth. I think it would be more interesting to propose a partnership with the buyer. In my opinion, the bank is currently crippled by the lack of a retail platform (i.e. checking-savings-loans-insurance etc.). The bank was shortsightedly trying to develop a fintech deposit-only platform (but paid penalties to end that this past December). It would be interesting to propose the buyer fund the retail platform, in exchange for issuance of stock. I would gladly share ownership - but not give it away.