Mittleman's StatementThe full text is here:
https://www.prnewswire.com/news-releases/mittleman-brothers-llc-issues-statement-concerning-aimia-inc-300882207.html The bottom line is that Mittleman has stated that the current board cannot rely on Mittleman Bros. support.
After the AGM, McEwan insinuated to me that Mittleman supports the current direction of the company, which I pointed out was a contradiction to published statements. McEwan also strongly suggested that there was something we should be watching for coming up, implying that there was some deal that Mittleman supported being negociated and that could not be disclosed.
It would be beneficial to shareholders if Mittleman Bros. would clarify their position and state their intentions even in broad terms now that it has clearly been identified that Mittleman is the only board member with a plurality of shareholder support. Even to acknowledge that they do not plan to act on the board makeup or Rabe's position pending outcome of private negociations would signal that something Mittlemans might find in the realm of their valuation is in the works. Without some signal of Mittleman's intentions the stock value remains supressed.
It is hard to believe that Mittleman does not have a plan and that he had not developed it well before the AGM. His plan may be "on hold" pending the outcome of the implied deal being negociated, unless they are in fact negociating a takeover themselves.