Hi 9Dragons,
I am not fully committed either way (vote YES or NO). I am not happy with the deal in that I don't believe it is good for us. The directors will get a pay out no matter what happens anyway. It will result in a 35% loss to me.
Is the company profitable? If so, why sell it? The directors have shown that they want out so instead of resigning and letting someone else do a better job, they arrange this, what I would call, fire sale.
What happens if we as shareholders vote this deal down? Will the company survive or die?
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