RE:Question For DrNoI am not able to answer any of your questions as I am speculating on what is happening here as much as you are. However, in my opinoin I think we need to give SHL the benefit of the doubt at this stage and that the postponement was done for the right and justifiable reasons. They said shareholders who sold would be made "whole" and I beieve them - again no idea how that will happen but I am sure they have thought this through and ilkely sought legal advice before issuing that news release. Also for context only ~2.7 million SHL shares traded between date of record and date of press release - and not all of those held before record date and sold after. They can deal with this. Also, SHL successfully distributed CNC shares to shareholders this time last year so it seems they know how to do it. It also seems something different happened thiis time. It also seems that if SHL is not answering questions at this time they are likely very busy or maybe staying quiet because something material is being discussed behind the scenes. Again - no idea just speculating but will give SHL benefit of the doubt until proven otherwise.
Shwayjao wrote: How to you think SHL can/will make people whole on the offered CNC shares, those that may have sold their SHL shares since?
Again, I’m not leaving here till I get what’s owed to me, especially seeing as SHL wants those that have sold to contact them, and they NEVER reply. Yeah, okay, I’ll turn over my car keys and ownership before a buyer’s “personal check” clears.
So, someone buys out SHL, or SHL and NOB, what price of CNC share do they, SHL, give out; the price at which date of record, the new one or the old one? Either is a cluster eff. What if CNC shares are much higher since the old record date, does SHL cover for that (I might NOT have sold my shares right away)? Maybe CNC shares take a beating since the old record date (I might HAVE sold my shares right away then)?
In the end, everything “should” be copasetic, it’s management’s lack of communication in the midst of all this that has me off this company completely.
I wrote in to Mark, over at CNC, about his thoughts on this and I heard back from him the next day. But, yeah, you know, John is busy as all get-go making deals and such here at SHL; so that must mean Mark over at CNC has time to laze around the pool all day and get back to his investors (sarcasm).
Again, I hope you and many make money here. I just can’t wait to leave this investment behind me.
Cheers