Post by
Commonguy on Jul 18, 2022 9:54am
Just as I thought !
I have been investing since 2006 and seen many stocks like this one. Most believe stock repurchasing (NSIB) will increase the share price as it should but yet the share price does not move significantly. The end game will be a buyout for so little only the top feeders will benefit. Wow a company that sold off PLM at such a great price will be a dud like many oil campanies that i witnessed. Not impressed Amia board!!!!
Comment by
Konaboy on Jul 18, 2022 10:01am
25% of the Mittleman fund holdings are in this stock, and for sure he has been telling his holders about how this will have a spectacular landing. If they only give them a buck or two a share these people will be rather disappointed, I would think.
Comment by
Commonguy on Jul 18, 2022 10:20am
Care to explain why Chris Mittleman sold off $915,000.00 in stock from May 10 to July 03.
Comment by
Konaboy on Jul 18, 2022 11:15am
Complete f@ckery, but cannot say I am really that surprises. So what is their next move? Mithaq comes in, bids $6, and mittleman supports it, telling everyone that the market is not respecting their true market value and supports the offer?
Comment by
Commonguy on Jul 18, 2022 11:22am
That is my take , Simply Wall St is where I found the selling by Chris Mittleman most of which was done in June 2022. Mithaq is now majority shareholder and I feel we the retail investor may not fair well. Just my take on the matter so when special dividends are mentioned I say yes or get better comunication from Amia board going forward. Once bitten twice shy!
Comment by
nozzpack on Jul 18, 2022 12:15pm
As far as I know, retail owns the majority of the shares. Further, in any non arms length buyout, exchange rules require the majority vote of the non insiders. So we do have leverage and we should start to make our dissidence known
Comment by
AIMIATARD on Jul 18, 2022 11:26am
If there is a way to screw the shareholder, I think AIMIA will deliver as it has in the past.