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Wednesday, June 26, 2019 2:25:55 PM
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I did not press on this subject because no one said anything about my posting this topic several times, but it seemed to me very, very strange when I found out it was voted down.
It could be a decisive and planned move or it could be an option to take over in the near future when regulations and normal business (growth) becomes clear. The truth is that it was very strange for me that proposal No.2 was voted down since they were the one that recommended it. When the PROXI came out, It seemed to me like something recommend by the NASDAQ and if it was turned down is for a good reason. The new BOD member will be a big tell. I just hope that when it goes down the stock price is around $12.50 to $15.00. So we can get above $20 per share.
Personally, I knew that this was possible. I hope management is using it as a bargaining chip until next years annual meeting. A takeover could be done by steps without proposal 2l because right now the insiders/management feel confortable that they can control the outcome of the same. So it's a win/win situation if this is the way they are deciding to go. So I expect them to obtain a superb premium if they finally decide to go ahead and sell this company.
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