VGN Cash Payout?I am a bit surprised at the salivating over a cash payout. I think it is a very smart move by mgmt to get this approved as a defensive weapon, in case something like this comes along again, but paying out all or most of the cash is basically saying the other assest have no value. This is a company after all, not a game. They have contracts, rent, property pmts, annual fees, audits etc., etc...
If they paid us most of the cash VGN would be like everyone else, broke. Then what?
I would rather see an issuer bid so the winers and complainers can sell and the rest of us can continue to hold shares in a financially strong company that should do very well at some point in the future.
I have made some good money over the years on VGN and I look fwd to doing so again. This will all pass.
Make sure you vote your proxies. Should be in your mail box any day now, if the circular is already on sedar