Sunday, May 14, 2023 10:56:35 AM
I still would like to see GS settle and just move on. I know there are many people here who disagree with that and feel Calasse deserves nothing, but I don’t know what actually happened back then, so I can’t comment on what he does or doesn’t deserve.
All I know is that GS is fighting a battle that is absolutely gutting shareholders.
That being said, I think the end result is still a merger. From what I’ve seen of similar cases in the past, it’s likely Calasse doesn’t get every share, even with a win. Last time Lazar lost one of these court cases, the old owners got a bit less than a quarter of their shares back. Of Calasse can make a claim to 600 million (post split) I would think worst case scenario has him getting about 125 million. That’s a lot, but it can be added to the share structure without causing too much harm I think, and the merger can proceed.
If I’m fact a merger there is. Right now my opinion of GS is very low.
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