GHKNow someone tell me this. Blue note is criticizing GHK management as being not competent. Is Blue note management competent. If they are then can someone show me some evidence why they think they are.
Why would GHK amalgamate with Bluenote? Could this be that Blue sees an opportunity to drain their treasury. There is no need for GHK to amalgamate. They have more cash, a better balance sheet and apparently management that knows how not to go bankrupt. This is unlike Bluenote. Have you all forgotten?
Blue note only wants to get their hands on GHK's cash. This will be of no benefit to GHK's shareholders. Management likes to use the word accretive. What does this mean in the instance. (I know the meaning of the word). Does any of you know what it means?
BNT is dismayed with managements action. Come on, give me a break. GHK has a fiduciary duty to it's shareholders. Should they be allowing Blue note to disenfranchise these shareholders? I don't think so. They are doing the right thing by their shareholders. They cannot let a lesser managed company with interest of raiding their treasury to take them over. There is no benefit to GHK's shareholders if this this occurred.
GHK is a better managed company. What we should do if turf the incumbent management of Blue note.