I intend to have a look at this only because they cant have spent the amount of money they have without leaving something that might work behind. Also, I can look it as a startup investment which I suspect many here would like to be able to do....
However, my starting reservation is that Jerkoff will continue to play a role. My take is that WMC has always been beholden to silent self-interested masters ... the original mining contractors, then the last resort lenders, Delphi hasn't helped much and Jerkoff has always been there. My shackles went up when in a recent presentation Jerkoff boasted about being 'recovery champions'. Self adulation is quite pathetic. Especially when soon after the victory claim they have there nose in the troughs again! Undeserved self adulation is even more pathetic ... if that were possible.
If Jerkoff resigns, my sense is you will get a price kick ... but he wont because he has nowhere else to go ...
have a great day
Ann: Entitlement Issue - Despatch of Offer Documents, page-3
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