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topwon

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09/10/18

21:00

Post #: 36058365
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Originally posted by burntgamber ↑

Originally posted by topwon
It annoys me that the huge book sent to us still considers that the share price history is somehow related to the value of the company. After discussions with Richard (our so-called "Independent Director") we agreed that this should not be considered and yet there it is in black and white using it the justify an offer that doesn't even meet the mid-point of a valuation biased in Z's favor.

As Z will likely grab shares from holders willing to give them away at 10 cents today's price of 8.8 cents looks like an easy way to make 12% on your money. That's 48% p.a. Not bad!!
Richard is a crony hired to give the board a look of independence. All know this is absolutely BS. If you had the conversation with Richard on the share price ... then Richard lied to your face.

We fight in Bermuda now under Dissenting Shareholders.

People can complain as much as they want. There is only two options

Option 1 - Take the 10cents and shut up
Option 2 - Join the existing minorities and fight in Bermuda under Dissenting Shareholders.

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Hi BG,
Totally agree that Richard was Z's crony but giving up on using the share price to justify a valuation was one of the only things that he said that made sense.
Also, I do recommend your 2nd option and think anyone who doesn't is throwing coin down the drain. I only mentioned that 10 cents are a given to highlight the ridiculous current share price.

NKP Price at posting: 8.8¢ Sentiment: Buy Disclosure: Held
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Share Price, page-4

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