RE:RE:RE:RE:RE:Absolutely NO Hopenedstar71 wrote: New 52 week low. Talk about unlocking shareholder value. Not much volume though. Is this just related to the latest revelations that India is a cespool of corruption, bribes, etc or is there more to it?
I didn't think of the India angle but that may be some of it. Mostly I was assuming it was tax-loss / end-of-year portfolio cleanup. Given how these guys operate, there's a good chance we'll be in a news vacuum until Q4 results, so there's little reason to believe the shares will be materially higher in the near term.
I wonder why Mithaq entered into the voting support agreement. Two board seats (out of 10) doesn't give them much say at the BOD level, and the $1.5m payout is small compared to their holdings.