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Commercial Solutions Inc CSOSF

Industrials Industrial Distribution


GREY:CSOSF - Post by User

Commercial Solutions Inc > transaction break fee
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Comment by Auzz98on Jun 07, 2013 7:38pm
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Post# 21499667

RE: transaction break fee

RE: transaction break fee

From the way I read the press release that is indeed the case and it sounds like the board is happy to pay the amount!!. Isn't CSA's lawyer also a board member? if I was board chairman I would be so embarrased by the this I would resign but I doubt from previous history we will see that. 

So now CSA pays roughly $500k (based on last qtr, over a years profit) to have the right to go and see if anyone else wants to buy it. I want in if I get the same deal IDG did!! CSA (according to 1st qtr report) paid roughly $300k in legal fees and now $500k in costs for NOTHING.

I wonder if the law firm representing CSA will refund some of the $300K they charged to handle the IDG fiasco?

 

 

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