OTCPK:HBAYF - Post by User
Post by
seatleslimon Nov 15, 2017 6:05pm
91 Views
Post# 26971976
If Litt accomplished nothing else......
If Litt accomplished nothing else......He has created a very public record of what the Directors of the Ontario pension plan and the Abu Dhabi wealth fund voted for. It is unlikely these directors own a single share of stock that wasn’t part of an “award” for their performance as directors. These are the “perfect” directors for corporate lowlife perpetrators as they receive directors fees and report back to their own boards who are likely only slightly more sophisticated than the most uninformed poster here.
If if you have purchased 100 shares of this in the open market, you likely have more at risk than these particular directors. When the Bakers approach them with a deal to take HBC private at some future date, they will be offered board seats on the private company and will nod yes to whatever investment banking presentation is placed in front of them.
They are very different animals - as esteemed as they sound - than Litt, Abrahms and CiT.
If nothing happens other than there is a public record of the price they accepted to sully integrity or reputations (in the event that they are merely idiots), Litt has done a tremendous public service. Those lawyers are 1000 + per hour so it didn’t come cheap. I do hope he is targeting the respective organizations of the “independent” directors.