RE: RE: Cool your jets everyone!
" We can vote against this crappy deal which benefits CS insiders andbecause it will make their holdings liquid. Them boys know what's goodfor them. Good guys but don't confuse them with the Salvation Army. "
I substantially agree. This deal has been presented and seems to be structured in a way so that Capstone can sell their stake in a more liquid market (Silver Wheaton). And it must be that Capstone is in need of money now.
Just think about it:
SST management is forbidden to solicitate competitive bids for the company, why would you agree on something like this if you are not in desperatly need for cash? SST is not in need for cash, is it?
Something like this could be agreed upon when you are getting a somewhat large premium in absolute terms (I'm not talking of a premium to market price, but premium on intrinsic value).
And ... guess what?
Capstone immediatly issue a press release saying they strongly support the deal.
Bottom line.
When the CEO of SST is also CEO of Capstone you have a conflict of interest and you never know if he is working in the best interest of SST shareholders or Capstone shareholders.
Well ... never ... wih this particular deal you can get an idea.