Post by
Method on Jun 25, 2014 2:39pm
Voting results
Based on those that bothered voting, only insiders voted in favour of this board while minority shareholders voted against it.
A sad state of affairs.
Comment by
RockLobster1 on Jun 27, 2014 10:38am
yes sad and surprising that the board dont want to make this into something good... If I have shares and an insider, I'd be pushing to realize the value,,, but I guess small potatoes to them. I want to do a leveraged buyout and sell it off... why doesn someone on Bay street want to?
Comment by
Method on Jun 27, 2014 9:52pm
I do think a combination with RYG makes sense. Probably all stock at NAV which would be around 68 cents/share for CRG which is still a 50% premium assuming RYG doesn't sell off. The companies have about the same amount of assets but RYG trades at a much smaller discount to NAV. Same management, same board, almost same shareholders and same goals.