Watsa's buyout offer.....Last year had Watsa playing fast and lose with shareholders.....With the brief
mini-covid crash, Watsa approached the board to entertain the notion of finally
buying out the company on the cheap (ie screw the shareholders). The BOD's
tried to appease the man with a new & revised debenture plan....and it worked.
Many shareholders were pissed that sweetheart deal really happened. Watsa
stated he wished that he could have sold out with last January's Reddit share
bump. Due various regulations TSX, SEC, he couldn't sell out because of the
debentures. Poor Guy....Its all about the money, not the company. I couldn't be
happier to see this conflict of interest disappear.....
Rug 2000