Slick,
It is possible AZZ sells the remaining part of its WU and/or URI holding. But it is a small piece of the financial stress puzzle that AZZ finds itself in. I think AZZ would sell WU shares if WU was 50c or $5 judging from the MD&A i read. AZZ is under extreme financial duress. It is selling everything it can.
Seeing you are derogatory to Mr, Molyneaux, you should be aware he does not sit on the AZZ board and has no input, as per the release. So he has no control over asset disposals. Steele and Clements are the drivers of survival.
finally, you do not know if the WU or URI share prices will be under pressure. Those lines could be placed in 1 transaction. So your assumption is once again factually incorrect.
Did Glasier fire you at one time?
Cait
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