DAVID VS GOLIATHLet’s draw an interesting parallel of what’s going on with Vanstar. As an interested shareholder, I’ve got a ring side seat and I’m eagerly watching the royal battle unfold regarding the crown jewel the Nelligan project.
On the one side, we have Vanstar (David) with a 25% ownership interest, and the battle is being led PG a long time stock promoter. His supporters are all-in backing this individual; they have a long history of winning previous battles. And they are convinced more than ever they will end up getting $3.00 to $4.00 for their shares! All they are asking for is a fair share of the pie.
On the other side, we have the establishment, IMG (Goliath) with a 75% ownership interest, who are ready to defend their long standing position. They will say and do anything to protect their personal wealth and piggy-bank IMG. They have a long history of mining the shareholders pockets and are quite comfortable in their position. To appease the masses, they will probably offer bread crumps and hope they go away. We’ve seen the ending in the David and Goliath story will it happen again?