I have posted previously that we would be treated with contempt, and this is now the case. Not to provide an update on the sales process for nearly two years and then put a ambiguous statement and a voting form in the mail is very unprofessional.
It appears that there may be up to $25M after all the expenses, but knowing how they have operated in the past, this will most likely reduce (due to unforeseen circumstances LOL) and where people are expecting say 3c per BEPPA, will in fact be less.
We will only vote YES when we have a firm offer on the table - whether that be 3c, 13c or ??c per BEPPA so we can then make an informed decision.
Our 250,000 votes will be NO.
Lets hope that the larger holders will hold them to account for a fair deal.
PIH Price at posting:
0.0¢ Sentiment: Hold Disclosure: Held