Friday, February 28, 2020 8:08:05 AM
If you think about it, and based on the message boards over the years, there are a finite number of HDC investors who have stuck it out over a long period of time, and it doesn't appear that we're selling. Although we've been desperate for returns, with many underwater for so long, my gut tells me more or less everyone is hanging on. So who is really selling?
The only thing that comes to mind is that when the old regime was in place, they lined up a pretty sweet deal for themselves. I need to go back and see if I can get details on it, but I'm sure there were options to potentially exercise, or shares to sell, etc. Accordingly, since we know from the complaint that the group in Canada presumably put an offer on the table, and we know that the current complaint process has to be funded by someone in the background, do you think it's plausible that these guys have been selling, while actually not losing, and using proceeds to help fund this complaint?
Perhaps I'm making too much of it, but I'd sure like to get others' perspectives on whether or not this could actually be at least possible.
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