Will not buy BOMN shares because of CEO Adam PetersonActions speak loudest. Look at recent actions of BOMN co-Chair/ co-CEO.
Adam Peterson/ his Magnolia Capital Fund have entered into a hard lock up for 2.3M shares of BBL.A. involving the privatization at Cdn$12.
How many funds would enter a hard lock up, and also do so without a valuation for the shares being acquired?
Not to mention that beak up value of BBL.A may be in excess of Cdn$40 per share. BBL.A owns 944 acres of real estate. There would be many financial buyers that would pay up $$ to acqire 100% control and then sell off the choice pieces, and sell the brick business to a competitor looking for greater market share etc etc.
Adam Peterson could have waited the controlling shareholders out - they want 100% and there was an opportunity to force them to pay full intrinsic value. Instead, they smoked Adam Peterson out. And the remaining BBL.A minority shareholders bear the consequences: Take it or Take it.
A defender of intrinsic value Adam Peterson is not. Avoid BOMN.
See posts under symbol BBL.A for some very unsettling facts.