GREY:LSTMF - Post by User
Comment by
orlandoflon Jul 21, 2016 10:23am
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Post# 25071968
RE:RE:Why is LTS Management destroying their Shareholders?
RE:RE:Why is LTS Management destroying their Shareholders?oilman53 wrote: Management is sacrificing their shareholders to protect their jobs
I agree, I think JW is excited to keep his job and start over in better financial position - I think he looks at unsecured debt holders and shareholders as trapped in a corner and say yes to something rather than risk 0 - and he gets to do a reset. They'll probably give him stock options as well. Secured debt holders will bid on the company in bankruptcy as well so he may get the same deal either way - pretty pathetic - poor, poor performance.