MGMT/Board Should REJECT CVG ITs been some time and still no public answers? on the CVG due dilegence. But, OMM MGMT, who is High Quality and the Board, without Tom MacNeill and Andrew Davidson participation , should reject the CVG deal.
Based on what I know and have been told by those who know this property, it is difficult property, Higher Risk and it appears to be a Premium Price OMM is paying, as well as having Tom and Andrew on the board, in my opinion there are better people out there to be on the Board than Tom MacNeill and Andrew Davidson.
OMM should utilize its cash, resources and knowledge to seek better properties in this MKT, there are quality properties out there that need $$$ and a good MGMT Team to develop and less risk than CVG and at a better price.
TIM - REJECT CVG Deal. Use your HEAD not relationships. CVG is just too expensive and HIGHER RISK.