Caff, this is EXACTLY why we need a new management team. It's THEIR RESPONSIBILITY to inform all shareholders the "great things" going on at the company, not a select few. There is something called Reg FD that mandates that. Can anyone remenber the last great news thay announced, because I can't. I remember several delays, a few meaningless 8150 share buybacks and a whole lot of revenue targets that were missed, but i cannot recall any great news.
So, SJ/SK, why don't you go ahead and announce an earnings date and finally share some "great news" with ALL of us and quit skirting SEC rules about priveleged information???
Another year? After this debacle? I can live with that. I refuse to agree to give up our control of the company for such a lousy deal. They have the cash to do a massive buyback of U.S. shares. We will demand that and they will not have the conversion to use as an excuse. The buyback combined with improving business conditions will bring the shares closer to fair value. If they refuse we will demand a change in management. Once we reach fair value, they can look again at consolidation, but this time on more fair terms. We will not give up control of the company without at least a small premium on our shares, and NOT including a taxable dividend. Caff, this is an absolutely unfair deal, and I fail to understand how you agree to let them shove it up our rectums. I realize this outcome is not likely, but me and my associates refuse to roll over and make this easy for them.
Dave, I received the call from the shareholder proxy firm today. I voted no on all proposals and was able to get an admission from the caller that there are many unhappy U.S. shareholders. She also indicated that companies do not spend money on proxy firms unless they are struggling to get enough votes. Clearly many shareholders are "abstaining" from voting out of frustration about this lousy deal.