It makes you wonder for how much longer the current management would've continued to milk shareholders without Lloyd stepping in..
Lloyd has skin in the game (management dont) and he will maximize value for all shareholders.The reality is, that this may not get everyone back to break-even, but not every trade can be a winner.
Better to get some cash back as opposed to nothing so you can live to fight for another day.
Ann: Notice of Extraordinary General Meeting/Proxy Form, page-12
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