Don't you think this below is a conflict of interest considering the investor group consists of mainly people from the board of directors. They wrote the agreement and we say yes they get a company for peanuts and if we say no they get a million dollars. They can then just write another agreement and get another million dollars and we can say no again destroying our shareholder value. Seems very suspicious.
The transaction is subject to other customary conditions, in addition to the stockholder approval described above. If the Company terminates the merger agreement because the Company’s Board of Directors authorizes entering into an Alternative Acquisition Agreement (as defined in the merger agreement), or if the Investor Group terminates the merger agreement because the Company’s Board of Directors changes its recommendation of the Investor Group’s offer, the Company must pay the Investor Group a US$1 million termination fee.
The proper price is well over 20$ with current multiples of growth companies and non growth companies. The fact that US$ is worth less and the brazlian reais will appreciate well into the summer. They are trying to rip off us off and I will not let my shares go for that. MCD trades at 20 X earnings, chipotle trades at 44X earnings, pnra 20X. This company has had huge growth potential and they think they can buy me out at less than I plowed all my savings into this company and they won't take me out. This company has the potential to be valued at over a billion dollars if they re IPO. All shareholders stay strong they are trying to steel the potential we paid for.