Post by
LonghandStrong on Nov 09, 2024 8:10pm
Some comment
Page 12 of 95 "AMK will incur costs ... regardless of whether the arrangement is completed". Fine if it completes, but if not... "If the arrangement is not completed, the market price of the shares may decline"... yeah, no guff..
Page 17 of 95. Loss of opportunity "...if they declined, there may not be another opportunity got security holders to receive comparable value...."
Financial Conditions and Prospects ".... the consideration is more favorable to the shareholders than the alternative of continuing to operate as a standalone public company and pursuing the company's long term plan..." I guess they do t have much faith???
Page 57, Darren and Robert, 1.1 mil each for change of control severance, on top of the sweet 6 mil consideration received all those juicy options. Pretty sweet deal for effectively doing nothing.
Cash position 2022, 1,139,986. Cash position 2023 101,517. Pretty sweet considering all they need to do is pay the electric bill. $25k in corporate communications, what a waste. $43k in advertising, considering SP drop over that period, another waste" Management Fees..... grrrrrr...
Regardless, voting yes, let's wrap this dog up.