Far to obvious, page-6

Yes Blackhat, I agree with you. The board is made of incompetent members, they can do some routine documentation work they can't make or too hesitate to make big decisions, like raising money from market, negotiating with borrowers. But DV, KS and MF are not. They clearly know what they want and deliberately lead nexus to this situation, step by step from DV's participation. Surely 7 can save nexus thru putting some money to nexus and they can share the benefit return together with shareholders. But they didn't. They want all. Within 2 years, they gradually and successively lead the company to a desperate situation, then "appropriately" give nexus a life jacket, proposed a takeover plan, 2 cents for shareholders. The board grabbed the jacket and want to escape from no/incompetent performance punishment and even keep their positions after the takeover. It's easy to understand the board unanimously agree to give the company to 7, and even under the name for the sake of saving shareholders value.

The story is not fabricated but is built on the truth. We can't get the final outcome of the story right away either by the current administrators announcement nor by a piece of the independent media's article. Time will answer.

All parties want to make maximum return from this investment, including 7, board, administrator, and shareholders, but the play must follow a relatively fair rule.