GREY:NMKEF - Post by User
Post by
Tcheckon Aug 28, 2020 4:00pm
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Post# 31471254
if one share holder has the means to buy the company
if one share holder has the means to buy the company
that shareholder sureky had the means to save the company from bankruptcy.
so there was no need for ccaa at all if that was the case .
that shareholder has the means no doubt .
it is abnormal
that a member of the board is finally benefitting from the bankruptcy proceedings .
that member should be excluded of all future bids for the company so as not to be accused of inappropriate bias and behaviour .in fact they admitted that they failed .so howcan you sell the company to an entity who admits to be a failure .that it is our government makes it all the more painful. .
i don t think the acceptance of this deal by the board complies to good corporate governance practices and principles .
i wonder how IQ and the board can expect to get away with this .
where are the other bids ?