RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Vote AGAINST the Privatization subliminal23 wrote: McRambus,
I just hope at least %51 of minority shareholders are as intuitive, insightful, and logical as you clearly are! Vote no all day
I hope so to,
To clarify.... October 16 your shares closed at $15.00 and were as high as $15.45. Your management accepted an offer from 'The Buyer' for $14.00. The offer for $14 was the starting minimum value in TD valuation report.
On October 18...'The Buyer' ended discussion. I guess they can't call it a 'takeover' but rather a 'takeunder' since their offers were way below market price. An embarrasment for the likes a multi billion dollar private equity firm.
On October 30, your shares were changing hands as high as $15.83 and closed $14.39. On October 31 'The Buyer' came back to the table with another embarassing offer...$14.50.
On November 2, management issued the press release detailing the $14.50 offer as final.
On November 2 your shares were as high as $15.48 and closed at $15.05, a fully 55 cents ABOVE that embarrassing $14.50 proposal sponsored by the management and board.
Is management acting in YOUR best interest or in THEIRS? This is the rock bottom value for the company as per TD valuation report. Now they are publicly talking down the business and it's future prospects? Is this good fiduciary duty?
Vote
AGAINST this propsal.