Must vote yes, even though critics are rightIf you are a shareholder, you MUST vote YES! There is no other choice as no other bidder has stepped up, and most likely this is it. I agree previous management and some current members screwed this company by not selling NATO fast enough for a much better price when oil was hot, and crude by rail was hot, due to delays, cost overruns, etc. However, if this deal is rejected, all shareholders are f**ked.
To vote no is to cut your nose to spite your face. Better to get some shares of SPB, a much larger, sounder, better managed, diversified company issuing a higher comparable dividend yield based on current prices and conversions. Perhaps, when integration is completed, one could even average down with SPB purchases to ultimately make a profit.
The alternative is for the buyout to be rejected and CUS possibly goes to zero. I am as angry, fed up, disappointed as any shareholder, with a huge paper loss. But I will not compound my losses to make a statement. I'd rather live to fight another day. So bottom line, we must suck up our pride, ignore the management payouts (sux big time), and not lose more money. VOTE YES (This was written with only practicality and money in mind, not emotions.)