Consider the institutional buying that we know is happening. Considering also what docmcmu has contributed here about management wanting to abscond with the proxy given a yes vote to block a hostile takeover. Based upon that, I'm going to vote against. Thanks docmcmu.
I'm all about a change of guard because I feel the investment interest is there and it's only a matter of time before fresh ownership and targeted investment capital could turn this concept around.
A take over offer is just pure speculation,(if not wishful thinking). One has to weigh the course of financing opportunities for the company. More shares, or additional private funding. I have seen it in the past where companies have pulled this stunt to give themselve full control over a company, and then dillute it into the ground. I question the excessive over runs on the last building and who possibly gained from that, and now a proposal to build again. So far from my point of view, management has been less than financialy responsibly. JMO