That's amazing! Of course, not in a good way. It looks like GE purposely tried to make the squeeze-out as drawn out as they could. They tied up our money for over a year. Was that some kind of punishment?
Who here wouldn't have taken a decent offer? (1) The point is moot and we'll never know that answer. GE never attempted a dialog with us. No offer was presented to us when GE was a majority investor. (2) It could be argued that each of us might have had a different amount in mind, some higher than others. Again, we'll never know.
GE had a dialog with Elliott Investors and The Polygon Investment Group and was able to come to an agreement. Why not with us? GE touts itself as being innovative and ethical. We were not unapproachable so what gives?
Three elements underpin Culp’s belief in GE: the team, the technology and the global network. GE’s employees design and deliver technology to every corner of the planet — whether it’s the equipment and solutions that are involved in two-thirds of the world’s commercial aircraft departures or more than 2,200 gigawatts of its power generation capacity. “This purpose has driven more than 125 years of GE innovation,” Culp wrote, “and it is as strong as at any time in our history.”
There's a video at the bottom of the CEO's First Letter to Shareholders link given above. It's about GE and how they're going "Reinvent the Wheel". The video link is from a facebook page. The same video on YouTube is shown below.
Spoiler Alert - It's with and Arcam EBM machine!
GE and its products can reinvent the wheel but they just weren't able to talk to us. That said, I won't be surprised if GE removes that video.
AI
