GREY:ISYRF - Post by User
Comment by
esprit1on Oct 31, 2019 11:09am
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Post# 30291932
RE:RE:RE:RE:RE:It's A Buyout
RE:RE:RE:RE:RE:It's A BuyoutShould have read further - 14.5 is insider shares. A significant chunk of those held by Daniel Marks - who I think was on the 'special committee' that negotiated this abysmal rape of ITC shareholders.
Mr Marks seems to have a very significant amount of control over ITC that is not comensurate with the number of shares he owns/controls.
55 cents in cash is practically buying us with our own cash and recievables and tax benefits from losses on the books.
The "fair value" justification is just that - a justification for a very very bad deal.