GREY:HRIVF - Post by User
Post by
thinker1951on Mar 31, 2009 9:03pm
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Post# 15886307
HRG Board Biased...
HRG Board Biased...Talked to HRG today. I wanted to know what happens to my warrants if severstal buys out hrg. He wasn't sure , so he looked up the warrant indenture. He figured I would get a pro rated warrant to buy severstal shares?? I f any one on this board could share their insight on the warrants I would appreciate it. We had a good conversation, once he realized I wasnt trying to put him on the spot. A couple of points Ill mention for the boards interest again if anyone has an opinion on these thoughts please share.
1. How can the board be independant the ceo is a severstal man and most of the board. Are the independant directors actually sitting their holding out for our interests re the share price of aquisition or is this severstal posturing to make it all seem on the up and up when they already know the outcome. I wonder?
2.Severstal wants to buy the rest of hrg period very obvious. Are they going to try or be able to screw the remaining shareholders over with a low buyout?