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Sport Chalet AŞ Message Board

  • janicem_98 janicem_98 Aug 4, 2014 3:19 PM Flag

    Done deal


    trading today says that they got the necessary 90% and the tender price will be $1.20/share.

    tsk, tsk valuemonster...your shares will now be taken from you.

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    • Maybe they will, maybe they won't. I have 30% of the remaining B shares they need to consummate this sham. I am AGAINST. I will go the 'appraisal rights' road if need be. You are right that Levra & Gang 'control' their percentage, but that is b/c Norman Olberz screwed up and allowed monsters (IMHO) to sweet talk him out of doing the right thing. Levra screwed up Sports Authority and then left. Know what happened?? My TSA shares went up 5-fold before Leonard Green & Associates bought TSA out.
      Same thing should happen to SPCHA & SPCHB. Anyone voting 'for' and yes I have seen the percentages is making a horrible mistake. Liquidate SPCH and you would get 2x what they are offering. Seek a FAIR bid and you would get 3x if not more.
      This is a sham, no two ways about it. If you don't see it, then you are on the INSIDE benefitting from STEALING this company at this value. All JMHO......Great luck to all.......