RE:RE:RE:RE:RE:RE:think clowns thinkSupremes management did nothing during their whole time to "Respect The Shareholders" literally appeared to do anything but that. Actually making multiple moves appearing to do the exact opposite.
They actually told shareholders it was a favourable deal to be taken over by Canopy
in a news release which was based off 30 day previous closing prices- right after chaniging CEOs multiple times, and seeing massive declines due multiple sh!+ty bought deals they arranged/made using the same banks that were "providing BOD" with "fairness opionions" encouaging the transaction after cratering their share price just before being taken over. Chairman of the Board LaBrier was the only one who spoke up and disagreed, but the BOD still approved the "deal" while recommending shareholders approve it. This deal royally screwed every one of their shareholders, except for maybe a few insiders who issued themselves huge # of shares.
TheGrapeOne wrote:
Supreme has great product lines that will do great things in the US market which is why they bought them. They bought the brand more than they bought the business.