Post by
travelinbanker on Nov 05, 2023 1:18am
American Eagle
BKM has a totally inept Mgt & BoD. I had eveything worked out over 8 years ago. Those stubborn, self-engrossed individuals (John & Erik) listened to no one unless they already agreed with it. LBN holds grudges for decades. There's no way of healing the rift. As LBN has faith and trust in American Eagle (I've invested in that company in the past), that would probably be the best way to move anything forward. And, Copper Bull, you're wrong, LBN is critical. Yes, we do have to get a new AE. But, it won't do anything without LBN support. Let American Eagle do the new AE, they'll make sure they can get it to the finish line. Remember 25% of something potentially big is a hell of a lot better that 100% of nothing. If they can negotiate 35-50% interest, all the better. But, the present mgt and Board will never get it to the finish line. So, if you want to wait until the major shareholders die, where a wife or offspring will receive it, and you think you can talk some sense into them, go for it. But, you might be old and gray before that time comes to pass. So, try reaching out the the present major shareholders and see if you can convince them to cosider Am Eagle. I'm out of this stock, but took a good 6 figure loss because I realized the mgt & Board would never listen to anyone. Try reminding the major shareholders how long they've held this and whether they want their children dealing with it. Good luck!