RE:RE:Mithaq responds to Aimia video...Growthnvalue wrote: Agreed. Very good rebuttal from Mithaq. Tom Finke got involved at the expense of shareholders.I found many of his and Steve Leonard's comments on the video to be disingenious. It's amazing to me that Leonard is still part of the executive management team. He's been through what, four different regime changes? I have to imagine it's a function of being the only one to know where all the skeletons are hidden. And while he seems like a sincere enough guy from his responses on conference calls over the years, he's been party to all the corporate waste and bad decisions in recent years.
I have not been contacted by either side's solicitors, but that's probably because I'm just a small individual shareholder.
Cringey video from Aimia. Pretty convincing rebuttal from Mithaq, BUT:
1) I'm quite confident they've been offered BOD representation. They don't want representation, they want control.
2) Niggling about the phrase "hedge fund" is disingenuous. They clearly state they intend to actively invest rather than return capital, and that was Tom's point. I don't want them selling Bozzetto just to push cash into things like Children's Place or Nexxen.
3) Their proposed slate of directors is very concerning. They've had a year to prepare and this was the best they could do?
I'm leaning towards holding my nose and voting tomorrow for current management. However I think Mithaq is winning the PR contest.