GREY:TBTEF - Post by User
Comment by
HamSandwichon Jan 21, 2017 6:12pm
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Post# 25737861
RE:Stakeholders
RE:Stakeholders
alder wrote: In line (40) of the Receiver's third report, it states : The Receiver found that the HOC offer was the best value for all STAKEHOLDERS (my capitals)
Although I am a debenture holder but not a shareholder, I would think this might be hopeful from a shareholder's point of view. If shareholders get zero, this doesn't sound at all like best value to me.
Just an observation
Alder
This doesn't make sense. What if every bid was for a dollar amount that would've left nothing for the shareholders?
Also if Debs aren't getting 100% of their money (which is the case here based on the language so far), why would you think the shareholders are getting anything?
I feel bad for them because management was a collosall fail, but at the same time, shareholders collected dividends through Q3 & Q4 2014 and all of 2015 when they had no business doing so.