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Heska Corporation Message Board

  • tommccauley31 tommccauley31 Mar 13, 2013 10:33 AM Flag

    Actions Speak Louder....

    In analysis of HSKA. It is more important to
    witness the actions of insiders, than listen
    to words.
    In 2010 the company put forth a shareholder
    proxy under the guise intent to preserve NOL's
    (net operating loss credits). The addendum to
    the proxy was a vote to limit new shareholders
    from accumulating more than a 5% stake in HSKA.
    Three years later the bulk of these tax credits go
    unused each year. But it is clear to see. The real
    reason for the proxy was to entrench insiders from
    the threat of a hostile majority shareholder shaking
    the tree.
    Heska again showed its stripe in the autumn of 012
    with the bogus small lot tender. Heska offered
    $9.50/share to buyout shareholders who held less
    than 100 shares. The stated reason for an exercise
    that cost the company over $20/share for very little
    participation, was to reduce administrative costs.
    The guise of words hid the real motive.
    Mgmt wanted to reduce total shareholder count
    to less than 300, stating by doing so. Heska would
    have the option to go private.
    Heska has a history of conning shareholders.
    Watch what the insiders do.....Not what they say.

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