I think the Hot Copper forum has been too passive so far in demanding some decent action from BBG management. Whether our demands make any difference or not, shareholders need to take the BBG management (that includes the board) to task, and not make it too easy for them to get away with a poorly developed, and executed, strategy.
I have seen this forum slowly accept sale of the company at $1.10, 80c, 60c and perhaps 20c or nothing. All because of the leaks from management through AFR etc to lower shareholder expectations.
BBG management has done very little to get a decent return for shareholders, for which shareholders pay them. If BBG management allowed due diligence when $1.10 offers were being received, did they or did they not know the true worth based on their books? And let us not say anything about keeping the shareholders in the dark here. If they thought the company could be sold at $1.10 then, why shouldn't they offer a management buyout at say $1.00 now? There are a lot of shareholders who bought BBG shares closer to $1 once the bidding process started with full management involvement.
If shareholders simply accept everything the management keeps dishing out, our forum is too weak to have any impact on not only BBG management, but also all the other companies we discuss in this forum.
Am I simply stirring the pot here, or do I have a point to make?
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