SRS 0.00% 7.1¢ spicers limited

jamwolfOf course, a cornerstone investor is probably...

  1. 478 Posts.
    jamwolf

    Of course, a cornerstone investor is probably necessary.

    It was addressed in "Option D: Cornerstone Investor" in slide 13/27 available at http://paperlinxpigs.files.wordpress.com/2013/06/fixing-paperlinx-20130606.pdf

    The PaperlinX board recently deemed it necessary to engage highly paid investment bankers to state the opportunistic and unacceptable to clear thinking, rational & well organised hybrid holders.

    Go figure; so many highly intelligent and highly paid people talking absolute rubbish.

    This board has a lot to answer for, particularly to its constituency of ordinary shareholders.

    To quote from an earlier post here, and hopefully in context:

    “By ignoring our fiduciary obligations in relation to PXUPA holders, we continue to ignore our obligations to the ordinary shareholders and employees of the company”.

    Moelis & Co is so well regarded, and influential, that earlier this year it arranged the sale of H J Heinz Company to Warren Buffet & others for USD 28 billion. See http://www.moelis.com/investment-banking/SitePages/select-transactions.aspx?aName=a634

    But it cannot solve the problems at PaperlinX which has a market cap of circa AUD 30-35 million.

    To Messrs Kaye, Barker and Price; why not accept your reality for what it is? UR stuffed.

    Give me a call sometime. Go on, just pick up the telephone and be nice about your problem. I promise to be nice too.


 
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