Captain Snooze probably does not even know the company's ASX ticker symbol!
Why worry about the share price when you are on a guaranteed contract paid in cash.
The bigger question is whether he will shaft all shareholders by agreeing an el cheap takeover via a scheme of arrangement.
He would then be guaranteed another gig with the acquiring company and keep his grumbly little snout in the trough even longer.
Yep - he is probably trying to engineer some sort of a deal in which he is rewarded inversely to the cost of the takeover- lower price gives Csptain Snooze a bigger reward.
Wouldn't that be a conflict of interest?
Oh you bet - but don't think that sort of thing doesn't happen!
Brace for more pain!
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