Oh Boy! from that Harvard article "....... Being a target of an activist investor requires a company to run the same gauntlet as a hostile bid, particularly if the activist investor threatens or launches a proxy contest. It is a crisis situation and requires a crisis response team, including experienced legal counsel, investment bankers, proxy solicitors, and communications specialists to assist management in countering the activist. ......."
Oh boy, hate to think about this. Does that mean that the Ruler and his personal BoD can choose to
use OUR (SHAREHOLDERS) money, which they obviously be calling company's...... to defend themgains us? That would be bizarre and ridiculous thing.
If that's the case though, is it possible to somehow prevent or at least minimize this????
You DO NOT THNK THAT THIS CONCERN OF MINE MEANS THAT I HESITANT ABOUT THE FIGHT.
Reality is opposite - to any sane long term shareholder one thing should be pretty clear and obvious:
The Ruler together with personal BoD must be removed, no matter what. Even if they would be able to master any deal which might look attractive first, they still must be removed. Why?
Because we've been through that very many times already. They did something promising and or right looking at first and then........ enevitably it slided to concern, problem, issue, failure and disaster in the end. Enough is enough. No more extra chances. More than 15 years already. It couldn't be worse than now.
Please remember that they chew already through $5.20 of value. (from $5.50 to current 27 cents).
They have just 27 cents to play and risk with. Not a lot for their appetites. Can't be allowed. As simple as that. Anybody would be better than they. And I mean it -ANYBODY. At worst our death would be quicker, not a prolonged endless torture with constant "hope" of good stuff about to happen, as shareholders were lucky to endure for more than 15 years.