RE:Australis Capital Issues Letter to ShareholdersPoint 5 is interesting.
Buried in small print on pg. 26 of their proxy circular, the Dissidents disclose that " The Concerned Shareholders will pay to Laurel Hill estimated fees of up to $275,000 , plus disbursements. The costs incurred in the preparation and mailing of this Circular and the solicitation will be borne solely by the Concerned Shareholders. However, the Concerned Shareholders may seek reimbursement from Australis of its out-of-pocket expenses, including proxy solicitation expenses and legal fees…"
In plain English, this means that Terry and his Dissidents, if able to gain control of your Board and Company, will then seek to cover their fees with shareholders' cash . Historically, the shareholder value destruction associated with Terry and his Dissident Nominees has taken some time. At AUSA, it would be immediate, material and come directly out of your pocket.