RE: RE: RE: RE: Crowdsourcing - Document Preparati So perhaps I should create several documents.
1. To illustrate that this recapitalization is unnecessary and to look into legal action against the board of directors.
2. To try and persuade equity holders to vote no.
Any equity holder that votes to give up 80% of a company that can meet its obligations seriously does not understand how to value companies. I am saying that most people that own companies fall into this bucket and that is a great concern of mine. I think that common sense is so uncommon you can bet on the predictability of stupidity and it is my opinion that I am outnumbered by people that:
1. Do not have the capacity to understand the situation.
2. Do not care to understand the situation.
So, I am not terribly sure that it makes sense to try and persuade people that probably don't understand what they are voting on when they get these things in the mail and have recieved phone calls talking about the great things that they are voting on and would vote along with management because the pitch is phenominal.
The way that this is going is not pleasant. As far as I can tell the best hope is that the banking group making a deal. Getting people to vote no seems to be a lost cause unless I can get on TV and state my case why I think that what management is doing:
1. Is not in their best interests.
2. Is short sighted.
3. Is in the best interest of MTN's