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27/04/18
13:00
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Originally posted by eyeswideopen
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"management agreed not to seek a superior offer.
WHY???"
To me this is a bit of a tell of who sort who out/proposed the deal, imo.
It seems to indicate that our CEO sort the deal?
So why?
In shareholders interests or Personal interests?
In circumstances where debt holders were awarded extra shares and cash to create CD Development account that did not occur and is arguable never should of happen (some of us were arguing that at the time).
Then debt holders sell out leaving the CEO to hold the bag so to speak, CEO now, it is likely has greatly reduced support from shareholders should a meeting be held.
BOD is likely to change, will CEO enjoy confidence of new BOD?
It is a fact that CEO recieves payout in full of all bonuses should take over occur.
Is he gauranteed that under new BOD?
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Correction,
In circumstances where debt holders were awarded extra shares and cash to create CD Development account, for a development that did not occur as yet and is arguable if ever should of happen (some of us were arguing that at the time).
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