ThoughtsAt work today so haven't done my due diligence last nite...but these thoughts occurred to me on the drive in this AM:
1. 28% of board shares...inclusive of Albright would not their collective holdings be > 28%..long way from 66% majority req'd...Where is the delta of 38% req'd?
2. I'm thinking that this is a backdoor takeover by Albright ( ala SMY's) and Norbert is being taken out by an insider...Wolf in amongst the pigeons.. Crazy thought...and would that specific story have to be necessarily disclosed in the NR vs the " board is approving"
3. If 2 was true..Norbert et al ( balance of uncommitted employee share holdings) could be joing us in a vote NO campaign
4. ALL above wildly speculative thoughts by a neophyte investor, but I had to do something on my 1/2 drive in this AM...
5. Where are the counteroffer bids? I know we've got 6 wks yet...I'm waiting till the end as I cannot believe this CO can be taken out for pennies with the impending revenue breakouts coming in the next 12 mths... Hell Federal will likely get back their capital investment in less than 12 mths ( > incr in SI annual revenues of $48mil is possible?)
6. Counteroffer at >.30 is coffee fund $$ to 3M, Intermec, Microsoft, Roper (TRanscore)...and maybe 1 of these companies does not want a business relationship with the proposed partner - Federal Signal... If I'm right...Albright might not have chosen the right dance partner...
7. Again as disclosure..I know absolutely ZERO details...and all above is strictly speculation that we may have a divided board on our hands...and I didn't see any thoughts upon this by posters yesterday.. Is that because it's not possible or so or have we potentially overlooked something here...and all made an assumption...