u r right but getting all the nuances of the deal correct so as not to crush the stock is like tap dancing on i pie crust stretched over the mouth of a volcano
put this together to guarantee him a minimum of 5 to 7 yrs of pulling down a salary.He should have concentrated on driving down expenses and boosting earnings for the next 2 yrs and sold if he cared one bit about shareholders.The problem for him was he could not continue buying others so he came up with this to guarantee him a good run at the top pulling down big money.We can only hope that when this trades to 7/7.50 maybe someone will see an opportunity and put pressure on them to sell.However it is now clear to everyone that the board just goes along with mgt.
only one who understands the problem..No one is going to trust this group to deliver 50 pct efficiency ratios or execute this properly at all..PLEASE somebody for the first time start a hostile takeover with a good currency and i will take 12 and be happy...The only ones getting railed are going to be we shareholders..I had hopes but this man is out to feather his own nest.
i agree and am dumbfounded by how quiet and complicit Carl Florio has been throughout this debacle.Being the director with the most to lose you would have thought he would have fought to bring true change
The board has been and still is incompetent.Look what they let the boy with his shopping cart do.I will however hold out hope that maybe they decided it would just be better to sell and leave him at post while the investment bankers shop it.