GREY:NOVUF - Post by User
Comment by
GLENN#on Jul 04, 2013 5:21pm
83 Views
Post# 21589703
RE:BOD Vote
RE:BOD VoteI agree with you on point 2 that they don't want to be the 'sacrificial lamb'. The only response I have gotten from them is 'no AGM scheduled'.
But can't agree with point 1. They don't need a meeting to accept an offer, just a vote and you are making an assumption that there is an aquirer right now. I don't believe there is right now and there is no evidence to support that fact.
My thinking is yes they want to sell the company so that they cash in stock options without doing the work of building the stock price.
Does anyone know how much time a company has to give notice for an AGM?