GREY:URPTF - Post by User
Comment by
ShakeUpTheBoardon Jul 01, 2020 8:20am
168 Views
Post# 31211619
RE:RE:What Value is Denison Providing to UPC?
RE:RE:What Value is Denison Providing to UPC? A message needs to be sent to the Board that shareholders do not approve of their actions to tie the company's hands to a $2M a year payment to Denison with no exit option. At best, a reasonable contract would have a 90 day cancellation clause without cause. Signing off on a 3 year penalty is not indicative of a Board who is working in the best interests of the shareholders (it's indicative of a Board that has been handpicked by the Denison management team).
Make sure you exercise your vote and select "withhold" when re-electing these Board members who are not acting in the company's best interest. Also, Kopernik Global Investors and Wellington Management Company can hopefully also realize, since they are UPC's most significant shareholders, that the Board's actions are detrimental to the company's long-term value.