MA misrepresented FHAL share structure in the merger agreement. He is not going to get away with that IMO. Jury is still out on RPH being part of that aspect, or was he part of a sting...we may never know. What we do know is that MMs and brokers entered the feeding frenzy and sold millions of shares they have yet to buy...this is an asset CSHD holds even if the bonds, real or not, go elsewhere. Also MA sold/gave away shares he was not entitled too as per the merger agreement.
What people like yourself don't seem to get is the merger agreement is binding securities contract with signed and witnessed disclosure statements with, among other things, share structures of the merging companies. How else can a company be valued when the share structure is false or misleading? Did MA deliberately try to conceal his preferred? Did he conveniently overlook them? I sure he wasn't banking on all the attention this is getting. Somebody will fry, and I'm betting RPH will not be one of them IMO.
BCIT? Preventing it from unfreez-... what? In your dreams canteen boy. - clarity Oct 22, 2008
