RE:Triotech10bagger10 wrote: Silentreader- you mentioned this company being a potential buyer
clearly Triotech has much more competent leadership and is marketing and expanding far superior to DBOX. What interests me is that Caisse invested 80 million for a MINORITY stake.
DBOX is worth a piddly 6 million due to management (Claude) as you mentioned draining the company coffers for his benefit. Does it not make sense for Caisse who are the biggest shareholdet of DBOX to force something here?
Fidelity is the biggest D-Box holder, not la Caisse. As of June 28 2019, they held 26 390 000 shares (15 %) compared to 19 108 882 (10.86%) for La Caisse.
La Caisse dropped D-Box last year - they obviously did not exercise the 4 500 000 options they held, plus they didn't renew their loan, D-Box had to go get one from BNC and actually terminated the one from La Caisse 6 months in advance.
This does not seem to indicate that D-Box has a very good business relationship with La Caisse anymore. They are probably as fed up as we all are with McMaster's bullshit and chronic emptying of the bank account for his personal benefit, but they couldn't do much about it since Claude ensured throughout all his years as the CEO to put in place puppies on the board so he could control everything and pay himself a lifetime grossly overpaid salary and perks.
But really, this "investment" for La Caisse is pocket change for them, I don't think they care and will probably just leave it as it is. I'm assuming they probably already value their holdins at 0$ in their portfolio evaluation.
At the end of the day, McMaster is a horror story, and Halde is only collectig his retirement fee and enjoying the ride. Just deadwood like so many others that were part of this private club since the last 15 years.