GREY:BLKWF - Post by User
Comment by
Freddytrader256on Dec 15, 2014 9:36am
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Post# 23230437
RE:RE:RE:deadline now Jan 8....
RE:RE:RE:deadline now Jan 8....They had an opportunity to sell the directional business in 2013 for over $25 million. Would not take it. Now the directional business has not had a job since mid October, the oil and gas industry is bracing for a down turn. Going to be a very tough sell and they will be lucky to get 50 cents on the dollar for the directional assets.
This might be a good case for a shareholders class action but I think the majority of the shares are owned institutionally.
Heads should have rolled over this one. CEO is going through a divorce so maybe he wanted his assets to worth nothing so she would get less.