Post by
Bookends on Dec 12, 2019 4:51pm
Just voted no
I would have loved to hear what the OSC says about the situation before casting a vote, but proxy deadline is tomorrow AM.
Im guessing the deal will get rejected and the board has the data from the votes coming in...
I'm thinking they will announce a postponement of the meeting to a later date. They will make this announcement on Monday the 16th and will then evaluate what to do next
I think Baker needs to be more reasonable here if he wants this thing to close and that probably means an extra 1$ per share. There is a lot in stake for him and will probably cave to catalyst and give a little and still make out like a bandit knowing fully well he can probably milk 20-30$ a share from what he steals from us.If he can not be reasonable, then down we go and he will probably deal with the concequences of his failed attempt... Be forced off the board and such.
As far as I'm concerned, there is a limit to how stupid you think Minority shareholders are. He's wasted years running this company like a chump without an actual plan to unlock value... Drove it down and down year after year only to opportunistically come with a bid to take it back from minority folks and implement his unknown plan for himself and his buddies only. Imagine if they had started to work on that plan 3 years ago??
Pfffff, at this point, a shaddy RE evaluation... A low bid even on the far left low side of his own appraisal from TD ranging from 10$ to 12.25$, the scare tactics he's propaganded, the collusion with his "special" committee...
I say, no!
Comment by
Lastingsum on Dec 12, 2019 5:43pm
In investing, this is the first time I experience something like that. If the Baker deal goes through, I will make money, but I will not be happy knowing that I got screwed. If it does not go through, I will lose money, at least in the near term, but I will be happy. So I will rather lose money in order to be happy.