The current board have been complete failures, delivering shareholders dismal returns year after year. The takeover offer is lowball because the alternative - leaving the present board in charge - is even worse. The offer's significant premium to last close is thus a windfall by comparison. Some boards have poor business acumen despite all the promise of the technology. RZR has been managed to be a huge disappointment but without this bid it might be even worse.
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The current board have been complete failures, delivering...
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LITHIUM UNIVERSE LIMITED
Alex Hanly, CEO
Alex Hanly
CEO
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