GREY:ISYRF - Post by User
Comment by
esprit1on Dec 22, 2019 4:45pm
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Post# 30481920
RE:RE:RE:Vote
RE:RE:RE:VoteDoes it seem like the Special Committee tried to get the best deal, or tried to get rid of the company as quickly as possible?
Ill put the question to this board. Why did we need to sell right this moment? What difference would it have made to wait a couple more quarters?
Management has said that we are going to see significant upside in Q4.
Stream is priced out, company has found a million a year in savings (5 cents per share or 1.00 per share at 20 x earnings)
Been here a long time and I think we were right on the cusp of becoming profitable with real EPS.
The share price of ITC has been manipulated for years with some party selling into every rally we have had -and in the case of actually gaining some ground inthe mid $2's, Marks and Reznik sold a pile and that took a toll.
My guess is this is a done deal - the Special Committee wanted the company sold and made every effort to ensure it would be - even if it meant giving it away.