re: Ann: MXR: First Non-Core Asset Sale - Can... It is the way for the company to use the sunny days to put the cashes into the pocket of shareholders and their directors that the company spin its department to get money from the dads and moms.
The by-product is if the directors in the mother company would think the new spin could last longer, they would get the big enough shares to control the spinning company. The directors would be rewarded if their judgment is right and would be trapped if they are wrong.
Most of small players could not see the profile of the risk and reward to take the control of the spinning company and often think they are used. The controlling entities always get better reward but also bigger risks. In business sense, it is fair and that is why the law allows the directors to do so.
MXR needs the money. The interests of the Directors could not avoid to affect the deal even only the directors who has not the direct interests with MXR, voted for the deal. The perception among the directors would be affected each other.
Without matter we like or dislike the controlling entities in the market would try their best to enlarge their profit or reward, which is the market reality and is the reason why Warren Buffett prefers the control and actually prefer the control.
As small players, the problem is not if the directors try to make the money for themselves with the right authorized by the law but how the small players get the insight and vision about the company. In FMS case, what's your insight and vision about IO, BIRC, global economy, this bloody crisis, the market perception, and would you like to lose your money for what you want.
I like the deal between FMS and MXR and believe it is a good deal to FMS and MXR. MXR needs the money to survive. MXR could have more trouble if no this money. FMS gets the IO and set the base for its future.
I prefer the directors in FMS and MXR put FMS at first since if no money it is better to keep the good and potential ones. These directors have not other options. How about the small players? It is sad but true you have to pay for your decision plus your status that you could control the game.
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