You don’t though. The valid concern isn’t dilution. No one but one poster is really hot on that.
its having a fair price paid for majority economic interest and control - which includes fact he dilutes us
hes unable to exceed 27.5% atm - as that would break the standstill agreement
the board composition isn’fixed forever and will eventually be reworked so he has direct control - so that’s a sham. Meantime it’s his ceo and he gets to vote
down anything he doesn’t like - so he’d have control anyway
it’s simple - 27.7% Vwap premium is nowhere near enough to take majority control - esp when you factor in
dilution (if people normally pay 60-70%) for controlwith no dilution - then he should pay roughly 100% given he’s
diluting us by 50%
pretty simple.
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You don’t though. The valid concern isn’t dilution. No one but...
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