GREY:AVNDF - Post by User
Post by
linus4on Feb 06, 2013 4:19pm
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Post# 20948505
shareholders of AVF become the Statue& management
shareholders of AVF become the Statue& management Look back to see all the insider selling around $5.50 to $6.00 , just before they cut the dividend..Then they turn around & give away(imho) the only real income producing asset..I think E.R. could have supported a .28 cent div .by itself & this was their growth asset!! Of course they pay or a fairness opinion (which basically lets them off the hook ) & then they can drain off more money because they voted themselves a "change of control clause"...Meanwhile , the shareholders get shafted again while management gets paid for destroying shareholder value...This deal smells from day one & the only people to benefit are those insiders that planned a nice golden exit strategy for themselves..I voted no because of the above.