GREY:MPRXF - Post by User
Comment by
hrattleon Apr 24, 2015 5:04pm
148 Views
Post# 23662834
RE:RE:I'm not impressed
RE:RE:I'm not impressedThurstonHowell5 wrote: ....and the management is supporting this offer? Doesn't add up
Interesting to look at what management get from this. Big holders (36+m shares) like Pinetree/Inwentash have an average price well above 10 cents - probably nearer 50-60 cents. Kuntz only has 200k (he bought 50k @ 4 cents recently!) @ 12 cents average, other directors have about 2m between them with Downie the most but again average prices are probably near 50 cents.
It seems these guys are losing money but it basically comes down to what Sheldon wanted. Pinetree with nearly 24m lose a lot but as it isn't their money they probably don't mind and with their cash problems getting Yamana stock is not a bad thing. Maybe Sheldon needs some cash - he couldn't sell MGP stock without a huge collapse but he could dispose of Yamana stock without anyone noticing or caring.
I wonder if they get any other pay off with the deal - back dated options, severance bonus, ??? They would tell shareholders if they were wouldn't they?