The Elephant in the RoomIf we did not have enough drama before, we now have an exchange of words in the press.
In my opinion, what we all want to know is what does Agrium think about all this. If Agrium comes out in support of the existing board, they will out vote the CEO and Beidahuang, as North American shareholders will vote with them. If that is the case, what they are saying is that the Board should press ahead with a liquidation of HF as this is worth more to them than running the company under the CEO.
They are the Elephant in the Room. Will they continue to stay silent?