Originally posted by uncystu
From memory your main reason for accepting the JBL offer was because you wanted to align yourself with McAuliffe's interests. Just wondering how (mis)aligned you're feeling right now in light of recent events and new information - namely:
- Knowing that McAuliffe only put about $5000 worth of skin into JBL pre-IPO:
https://t.co/voFScJebrf
- Knowing how JohnnyDepp, his oompa-loompas and army of lawyers treated shareholders at the AGM's
- Knowing that he had an army of lawyers and private security at the AGM's in the first place
- Seeing JBL's announcement that their $7M debt facility is
secured and provided by an
anonymous US fund
- Knowing how easy it is for an Australian entrepreneur to register a hedge fund in the US:
https://outline.com/5yn57y
You've said in your most recent post "If shareholders knew the plan (as we rightly should) it would be easier to convince us to get on board". Have you asked yourself why the pirates aren't willing to share the plan with shareholders? Is it possible that the plan isn't aligned with shareholders interests? Do you think it would make abattoir workers jobs easier if they let the sheep in on the plan when trying to get them into the slaughter house?
Given that you accepted the JBL offer before the supplementary bidders statement was released, that would make you eligible to withdraw. Just wondering whether you're thinking about it - would you say you're 70/30, 60/40, 50/50?
I just don't see how continuing with HML on its own will help since we will still pay extraordinary fees on low yielding assets. I was quite happy paying the large fees for active trading, but cannot fathom why they need to charge so much to hold their current portfolio of loans and related party assets.
