TSXV:ATF - Post Discussion
Post by
jackbnimble on Apr 17, 2013 9:26pm
Nothing short of betrayal
The former management reduced the company from $0.45/share to $.04/share. Then came Walker's Artaflex which too the company from $0.04/share to $0.002/share. Given the rollback of 25:1 that makes the shares at $0.05/share.
Interesting that the Israelis went along with this. Once the shareholders are officially screwed, it will be interesting to see if there is a future totally independent opportunity that emerges.
While Walker oversaw a 95% reduction in value accomplished in less than one year, his restaurant in Stouffville completed a major third floor expansion...too bad we are not shareholders of that venture.
He had said his preference was to take the company private...so now he is...with the minority shareholders being squeezed out.
Be the first to comment on this post