Hidden Value - do the mathBefore anyone decides how to vote, they should do the math on these proposals. The value of these two buildings is enormous. Factoring in closing costs, and tax on the capital gain, they could still come away with over $50 million. And then what? They could buy back 10 million shares at $5! Now estimate the rent they have to pay on the buildings, take that off income (net of tax), then take your new lowered income divided by the much reduced share count...EPS goes up 44%.
Now they probably wouldn't use the entire amount to buy back shares, or maybe they pay out a special dividend, but however you slice it, there's a lot of hidden value here.