Post by
microcaptt on May 31, 2023 10:36am
It is time for change at NKL 28!
I just voted my shares (representing approximately 1% of the company) YELLOW across the board. I have been involved with NKL since its spinout of Cobalt 27. I have witnessed the absurd compensation (borderline theft) for ZERO value-creation by management over the years. I have spoken to Pelham directly and I strongly believe there is a stronger alignment of interest with them than the current situation. They want to unlock the value in NKL's stock, and it starts with improved governance and reducing the ridiculous costs associated with management. Based on my conversation with Pelham all of NKL's claims against Pelham are baseless. They don't want to take over the company or steal it from shareholders. They want to run it like a "real company", unlock value (re-rating) and get rewarded via their current stock position. If you are a shareholder, I strongly suggest you vote yellow. The current management team cannot be trusted, and they have not created any value besides diluting your position in the company by 20% over the years.
Comment by
Talchior on May 31, 2023 2:52pm
And how did you receive the material to vote?
Comment by
Talchior on May 31, 2023 3:56pm
OK, then, I can't vote. The European broker, at least line, can't provide me the proxy number. My fear is that Pehlham want to an official proposal to force to sell the share or propose to increase the number of share.
Comment by
ICNick on May 31, 2023 9:12pm
I would contact "assistance@laurelhill.com" they should be able to help you.