Ann: Shareholders to vote on Humm Consumer Finance transaction, page-71

All he needs to do is BID.

But he has not… he can not get the money for a bid.
He has the money but will not use his own.

Under his stewardship he has driven the share price down from over $4 to $1 over the past decade.

He has the cash but appears not to want to put it in a bid…so all he is doing is wedging to get a higher offer.
I would be happy with an increase.

But if his strategy is successful, we will lose a very competent management and be hostage to his poor management.
It’s time he moved on.

If this is such a cheap acquisition then where are the raiders buying 10%, 20% on market.
They are not there because they do not see an opportunity. Wyllie could buy 5% more and swing the vote…but has not.

One lesson I have learnt is, take the Bird in the Hand…there ain’t no other.