RE:RE:RE:Lots of questions, no answersPossible but pretty unlikely; a 4% discount to market is normal with a bloc sale; Rob Colcleugh was an investment banker, he knew what he was doing and still got about a $1 more in ALA share price compared to when the deal was announced.
In the end, Birchhill wanted an operator instead of an investment banker. Having said that, to me this reflects poorly on Birchhill. Poorly communicated and poorly executed. Rob has been with TWM for years, has been on the board with them for years, he was just confirmed as CEO, what an incredible screwup by the board! They should be the ones given the boot!