GREY:EWDYF - Post by User
Comment by
sellthefarmon May 20, 2014 1:00pm
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Post# 22578339
RE:RE:RE:RE:RE:>38 cents, well.....hopefully this will start the bidding.
RE:RE:RE:RE:RE:>38 cents, well.....hopefully this will start the bidding. Mgmt has little to gain in the form of existing options as the last grant was June 2013 and the price was around $0.34 and grants prior thereto would not have been much better. However, the CEO has 4m performance units at a cost of $0. In a sale all options and performance units will vest so he'll get about $1.5m pre-tax from the performance units (assuming the performance units don't have a clause that states otherwise).
You should review the Arrangement Agreements posted to SEDAR as they are obligated to disclose perks of a transaction so shareholders know what exactly is going on. I truly believe that mgmt oversold us on the future and realized that they should get what they can for the business before negative news starts to flow. I don't think a new bid will come. There's a big buyer lined up at $0.37 this morning trying to pick off those that just want to get out of this.