Sunday, September 18, 2022 1:04:45 PM
I have mentioned I worked for private contractors building toys for the military. One firm I worked for traded at $3 and sold to a British firm for $22. A large military supplier in the UK. Even though allied with Britain the new owners could not get the clearances for personnel to run the company. Mostly DARPA stuff. So the original owners ran the company and a bit poorly because as it turned out their interest was to buy the company back. Because the company for the British was like a lead weight on them they gladly sold for a song not many years after they purchased it. The repurchased company was then built up and sold to Lockheed Martin.
All legal and these guys went for a round trip twice with the same asset. I think controlling owners take every advantage they can get.
What I suggested earlier was far from illegal. And not even a hint of impropriety.
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