So CZD buy up 16.6% of AVX stock and as largest shareholder ask for a seat on the board- quite reasonable
Q1: was this just one seat ? Then how can 1 seat on a board give them the AVX cash that they would most likely be after ?
Then AVX decline to give them a seat. So now CZD use the only option left and call an EGM for a complete board spill.
And if holder apathy kicks in and CZD have found support, they will have complete board control and nothing to stop them from doing what ever they like.
Q2: why did the AVX board take this chance, why not go for appeasement of their major shareholder ?
I am confused on this..why take this chance ?
AVX Price at posting:
3.2¢ Sentiment: Hold Disclosure: Held
