The keeping quiet about the tax benefits as part of this sale, as well as keeping this major item off the balance sheet (I know they gave a reason, but they should be looking to boost the value of the company), made me think that key UML personnel somehow stood to gain from this fire sale through back room deals. The manic approach the board adopted to convince all and sundry to accept this deal was not normal corporate behaviour, particularly when it was clear that it was a terrible deal. I would not mind an investigation into the board, but I know that is not going to happen.
The keeping quiet about the tax benefits as part of this sale,...
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