The Board of UML has completed its strategic review.
The Board has concluded that others would be more competent to run the company and extract value from UML assets than the current Board.
So the Board decides to sack the current Board and get another Board more competent at running the company
…….. wait a tick, I read that wrongly……...
So the Board decides to sack the current shareholders (and get new shareholders).
That's the logic of it in a nutshell.
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Board Sacks ………… Shareholders !?!
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