AUH 0.00% 0.1¢ austchina holdings limited

our board just sold the farm for $0. vote no!, page-14

  1. 373 Posts.
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    WOW...and that helps us shareholders how exactly?!

    Not much of a mention that the consideration per share being 'negotiated' by the CBQ Board seems to have dropped from 1.7c to 1.0c (that's a 40% DESTRUCTION of value during a period in which the Board was supposed to IMPROVE the deal!).

    Probably the worst outcome imaginable. It goes without saying I will be voting against the deal...as would any self respecting shareholder.

    -RS
 
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