RE: Macquarie makes same case >>>Problem when dealing with desperate CEO is he's probably in this position because of his lack of skills or maybe afraid to open the data room to BTO. A lot of companies in denial of how tough the markets are with no clear recovery point. <<<<
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As long as there is money in the kitty, few of these guys have any incentive to sell their companies. Shoot even bummbling along they can keep collecting a paycheck and paying themselves handsome bonuses through option grants. Most run the companies like their personal cash registers and private investors be darned! .
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That is what is noce about BTO, management takes no option grants and owns stock, so their interestes are aligned with SH interests!
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Maybe BTO should make some hostile t/o offers? Then again, the way these guys hide things, maybe they need to see the data rooms?