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Gerard subsequently distress sold Frend at a loss at $100k to...

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fungicide

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05/06/21

17:16

Post #: 53669514
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Originally posted by diddycat: ↑

Gerard lighting group purchased the company in 2011 for about 15 million and its best dividend was 2.7% as a COMBINED company that had a market cap of $90 million

Gerard is still going and in the same business, so a competitor to the cash cow of FOS

Have not looked into why Gerard was delisted 2 years later

Tried and true rule of life is BUYER BEWARE I personally would trust a chicken farmer over someone wanting to off load an IPO that was purchased from another company and the bespoke lighting they make is a sign saying "dark room" Man I see them rolling of the shelf

Now I started so join and we will go round for round

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Gerard subsequently distress sold Frend at a loss at $100k to FOS due to poor mgt. Gerard themselves got sold to the Belgium Schreder. FOS picked a bargain and turns thing around W revenue growth and now applying the same playbook for JSB.
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