RE: RE: RE: RE: RE: RE: RE: RE: new Q&Q on Largo w from kha341.........“A hostile take over is a take over against the will of Management. Considering the amounts of bonus given out by the 3 partners and the BoD to MB and the other key members of management, it seems unlikely that they would do anything to displease MB so far.
Mark Brennan isn’t in charge, the investors are. They don’t need him anymore - Brennan needs them more than they need him. Don’t forget that $550,000 “bonus” that he was paid in 2011. Was it to “deliver” control of Largo to them or as a reward for dropping the price they paid for their shares? The “bonus” was on top of a very healthy $290,000 salary and 3,300,000 in stock options. If that BNDES loan is delayed or not made, for whatever reason, Largo is over-extended and we could find the “investors” doing a reorganization and we would be out. Unlikely, you say? Perhaps