GREY:LBEFF - Post by User
Comment by
Sleddawg63on Jun 25, 2010 7:17am
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Post# 17220903
RE: RE: RE: AGM Presentation on website
RE: RE: RE: AGM Presentation on websiteI would disagree that having JJ as a majority owner is a bad thing. He's obviously not only looking to salvage his investment by making a deal to save the company, but I am sure he's also looking to make a profit on his investment. (rising tide raises all ships) I hold a relatively small position and have long understood that developing companies majority owned by one person have more positives than negatives.
Jilin Jien's rescue of his position is similar to what Warren Buffett did many times in his career. The wild card is dilution, something Buffett would have been against. I guess we will just have to wait and see.