Essential Energy Services Ltd T.ESN

Poison Pill put in by board..A big ph uck u to shareholders.

[hawkowl1]

• The poison pills have the potential of damaging the long-term value of the shares issued by the business.
• It dilutes the overall holdings of the stock for existing shareholders as well and they have to buy additional shares to balance their portfolio value.
• Since takeover attempts are thwarted, the presence of incapable and ineffective managers prevails and they remain employed which results in operational inefficiency.