Sounds like the outgoing might of been bit of a pain moving forward. I'm stumbling across more and more articles with a similar theme.
"Mr Atkins' comments that he may consider a future control transaction appear to be inconsistent with his assertion that AU1 is insolvent," he says.
"It appears that Magnolia is still considering only what is in its own best interests and ignoring the detrimental effect of its disruptive actions on Magnolia's own shareholding and AU1's other shareholders."
BRK May Selloff, page-21
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