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Ancestry.com Inc. Message Board

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  • iamnathan iamnathan Dec 22, 2012 8:25 PM Flag

    When is the judge due to make his decison on whether the frauds can have the vote on their sweetheart deal?

    " think the sale was premature and if the logic behind selling was fear of future performance there would be no sale now and insiders would not be rolling their interest. "

    That's what the conflict of interest is all about, and why they accepted Permia's lower offer, because ACOM CEO Sullivan and COO Hockhauser will roll over most of their equity stake into the private company.

    In other words, they sold us out in order to keep their equity positions in the company, and will therefore share in the continued profits of the company.

    So much for their feduciary responsibilty to all shareholders?

    Sentiment: Hold