GREY:IPHAF - Post by User
Comment by
macbethorfauston Jun 02, 2009 11:25am
365 Views
Post# 16036451
RE: RE: If you want to vote against the plan read
RE: RE: If you want to vote against the plan readthe dissent remedy is meaningless for guys like us - you don't get any more money realistically than if you just sold your shares on the open market - if you are in a private company then this remedy has real meaning or if you hold a block that cannot be unloaded without depressing the price then it means something but for us its nothing
if you don't liek the way the company is going then sell your shares or keep them but vote against it
the funds and larger holders will all vote in favour because they have no choice so its a done deal
and as I have said is a pretty good deal anyway given our situation and does have considerable upside - unless some competing offer comes in pretty soon there is zero upside in turning it down