RE:RE:Case study: How to steal control of a public companyI'm actually not sure what Mithaq might have done to break or bend the rules in terms of the way they built their stake, but I do know that they paid market prices, or above, and have an average cost of over $4.00, and none of their buying in any way diluted or harmed any other shareholders.
Whereas the current regime deliberately diluted us, massively, and two times in less than 8 months, to establish and perpetuate their illegitimate reign.
They may have a veneer of being the older wiser more experienced team, which as you pointed out did appeal to most of the non-Mithaq shareholders (and let's be frank, there's the Saudi thing), but to me the ethical failings of this current group utterly trumps all of that in my consideration.
How can we trust anyone who begins their relationship with us like that? "Hey guys, yeah, we stole our way into power, but look, now that we've got it, we're going to be good. Seriously. No more shenanigans." Meanwhile, Tom's already talking about "outside advisors" conducting the strategic review. Count on that costing a lot. And will they finally tell us who are those well-paid advisors? Maybe I should be buying Jefferies stock instead...