Ann: Refinancing of Debts, Sale of DaKine, New CE, page-10

re: Ann: Refinancing of Debts, Sale of DaKine... Well that's a mouthful of an announcement.

In a nutshell they've equalised their short term liabilities and handed over board and shareholder control to US private equity. Haven't we heard this all before? This company was exposed to a record number of takeover offers at $3.30, $1.45, $1.10 etc etc with interest driven mostly by US private firms. This same outcome could have been settled at more than 10 times the current share price if Gordon Merchant wasn't so obtuse about his stake-hold two years ago!