Post by
Growthnvalue on Jun 05, 2024 3:21pm
Mithaq with the TKO
Solid letter from Mithaq calling out the countless capital allocation blunders and intentional acts of entrenchment by Aimia. Sure, most of the current board members can claim the purchases of Mittleman Invest, TradeX, Weakropes and Bozetto didn't happen on their watch, but the private placement and issuance to Paladin were so clearly self-serving and at the expense of shareholders. You don't issue press releases about buybacks and then a year later have 15 million more shares outstanding. I would have liked to see a stronger slate from Mithaq, but this is still a very easy decision to make.