RE:RE:RE:seeking alpha report
"How is it MOZ shareholders can be losers when they become shareholders in Calibre that is a successful profitable operation and still have an interest in Valentine Lake."
Because the 0.6164 ratio and the PP at 60 cents. The offer was terrible. It should have been closer to a 1:1 because of it de-risked CXB and "risked" MOZ shareholders how had previously had little risk.
That's how. And i mean you must comprehend what was written in that article. don't come here making it sound all rosy for MOZ shareholders.
The MOZ management had not skin in the game - only severance packages. Not sure how the larger shareholders were convinced - perhaps they were fed up and looking for competent management.
tC