Post by
Commonguy on Oct 04, 2023 3:49pm
Buyout offer !
I cannot believe the Amia board does not make a definitive no response to the buyout offer of $3.66. When the board was sitting on all that cash it could have paid it all out at over $6.00 a share yet decided to purchase questionable companies and bleed losses each quarter. Aimia is currently suing Mithaq for various breaches of the Securities Act (Ontario). The trial is scheduled to begin on January 8, 2024. It seems to me a potential buyout at $3.66 will sweep all the dirty laundry that the board may not want heard in court. The shareholders deserve an reasonable price per share and $3.66 is an insult to everyone except Mithaq.
If you saw my posts here , this was my prediction with some so called knowlegable investors indicating otherewise. I am soory to say I told you so since I lose as well!!!!
Comment by
TheCount11 on Oct 04, 2023 10:51pm
I am not tendering at $3.66 per share. What a lowball offer.
Comment by
snootchybootchy on Oct 05, 2023 4:22am
I don't see the point of insulting Mithaq's offer considering 1) there is pending legal action and 2) there may be a opportunity to negotiate with Mithaq to pay a higher price. Aimia's response was exactly right.