RE:RE:Vote NO to Privatization subliminal23 wrote:
I will tell you the reason management is pushing this so hard. It is because they are getting a %57 increase in their equity because of the deal. They will own %31.5 stake in New company and it doesn't appear they are paying in additional capital. In essence they are stealing 50 million dollars of the minority shareholders equity. Just before a boom. How do we impeach the board of directors!
Hi, can you tell me where you see this? How exactly are they allowed to do this? Seems like the eqivalant of brown envelopes stuffed with cash being passed around the boardroom. Don't see this in the press release. I have yet to recieve the voting materials. How is this even legal?