agree it is a complete shocker. there is a huge pr attempt at trying to cover this up. The fin review legal section today was saying the stock went up on the announcement!!!! I must be upside down. If a company was purporting to have a potential asset of 500 million, rejected an offer of $100 million plus for it and then took $20 million for it, management would be resigning on the spot. The only difference here is that lawyers are involved. If they were the valuers of this asset, what rights does the company have against the valuer. Or did they know it wasn't worth what they said it was and therefore shareholders have some rights against the company. either way, someone should be taking responsibility.
BTA Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
