Post by
a1broker1 on Dec 02, 2015 12:11am
Must vote yes, even though critics are right
If you are a shareholder, you MUST vote YES! There is no other choice as no other bidder has stepped up, and most likely this is it. I agree previous management and some current members screwed this company by not selling NATO fast enough for a much better price when oil was hot, and crude by rail was hot, due to delays, cost overruns, etc. However, if this deal is rejected, all shareholders are f**ked.
To vote no is to cut your nose to spite your face. Better to get some shares of SPB, a much larger, sounder, better managed, diversified company issuing a higher comparable dividend yield based on current prices and conversions. Perhaps, when integration is completed, one could even average down with SPB purchases to ultimately make a profit.
The alternative is for the buyout to be rejected and CUS possibly goes to zero. I am as angry, fed up, disappointed as any shareholder, with a huge paper loss. But I will not compound my losses to make a statement. I'd rather live to fight another day. So bottom line, we must suck up our pride, ignore the management payouts (sux big time), and not lose more money. VOTE YES (This was written with only practicality and money in mind, not emotions.)
Comment by
whitey4$ on Dec 02, 2015 9:58pm
The problem with a no vote is you still have the same Pigs running the company! And it's telling that there aren't any other bids. I held my nose and voted yes. whitey
Comment by
roniejames on Dec 03, 2015 6:35am
Agreed, in my humble opinion this deal is going to happen. ( Superior might have to sell some assets to appease the regulators) But canexus will get the votes they need.
Comment by
Kherson on Sep 20, 2016 10:36pm
You were right about this Phoenix. management did try to sail off with huge payments! Kherson