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  • audphil78 audphil78 Nov 21, 2012 3:53 PM Flag

    Opinion Poll: Chance of Deal Voted Down

    You are banging your head against the wall, just decide if you want to sell now or get another $.45 next year and what your tax situation is. The voting is a foregone conclusion and the legal issues will amount to nothing, as they always do in these kinds of acquisitions. You may not like it, but there is nothing illegal about what is going on.

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    • Nothing wrong with selling out their fiduciary responsibility to get the best possible price or return for their shareholders?
      Our crooked mangement took a low-ball offer on the SP, because they will get to keep their equity in the company after it goes private.
      They can't tell the difference between right and wrong, and neither can you!

      • 1 Reply to iamnathan
      • Did you bother to read the detailed background to the deal? Documented that no one would even ante up $32 after they had done due diligence (not sure what they found that turned them off) and the only way they could get a deal done was if Spectrum and Mgmt. anted up and rolled over their shares. If they hadn't done the deal they might not have gotten $30. Not like they are stealing something others were frothing to take out at a higher price.