Ridiculous
So Kehoe sends out a release saying that we're getting 10 million worth of assets for 3.5 million worth of shares, wow that sounds like a great deal for us. Except we also just had 10 million worth of assets on our balance sheet that Kehoe didn't think was worth renewing the leases on so I have serious doubts about his ability to value properties.
Is it just me or is it not ludicrous to propose 4 members from Hansar as our new board of directors before the proposed deal has been voted on? So if they're appointed and then the Hansar deal gets voted down our board is made up of 4 members from a rival company? The stupidity of this guy is off the charts.
I don't know if the Hansar deal is good or bad because there has been absolutely no information released about the company. I do know that Kehoe is not looking out for ATK shareholders so the first thing that has to happen is he has to go, that will not happen if he is able to hand pick the BOD. Get a new board elected, fire Kehoe and then lets get something out of this company's assets.