It’s hard to say. Why suddenly take a strong stance on poor management if there was no prior interest or significant stake? Perhaps there’s something behind the scenes that sparked this. The statements certainly leave a lot to the imagination. Maybe he sees potential in spinning off some IPOs from existing HLX assets. The discontent with management is understandable, especially given their recent track record.
HLX Price at posting:
0.4¢ Sentiment: None Disclosure: Held
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