Idle thoughts CPX sells assets worth $340 mm on Nov.26th. This "enhances its financial flexibility."
Cpx has bought offering of $450 mm on Dec. 11th.. "The Company intends to use the net proceeds from the Offering to fund future potential acquisitions and growth opportunities and for general corporate purposes."
MXG with a market value of around 330 mm is a low hanging fruit.
The reason I am concerned with holding this company is I can't find a mission statement. There is no mention of future expansion or what the directors' intentions are. I would rather hold and see the company grow but an outright sale would answer my concerns.
Can anyone point me to Maxim's objectives? Thanks, Terry