Post by
Diamindlil on Jun 20, 2016 6:55pm
How about a final dividend?
May 24 Axia announced an extension - for legitimate reasons. Now its a month later.
However, the company continues to earn money, and has suspended its dividend as a condition of the deal. Yet while the buyer gets the accumulated profit that would have been paid as two dividends by now, the shareholders are not being compensated.
I have called the company and suggested that they either pay a final dividend or raise the purchase price per share by an amount equivalent to the dividend, yet there has been no response.
I strongly feel that this is unfair to the shareholders. We supported management's decision to sell and privatize, yet we are denied the use of the purchase price (per share) while the acquirer gets the earnings.
It's time for shareholders to speak up.
Comment by
499ccs on Jul 12, 2016 1:46pm
You have the option to sell at any time and put the purchase price to work elsewhere. I took my stake off the table at $4.20...not sure why anyone would have elected to hold on for a few pennies.