Sorry to learn of this lowball buyout offer. I am generally not one for conspiracy theories but some things sure appear suspicious here. We lose our low interest financing due to a ridiculous company oversight. New loan gives issuer ability to short with impunity knowing they can cover as needed. Filling the expanded capacity happens at a much slower pace than expected. Our share price is shorted down to stupid low levels. We get a buyout offer a little above recent stupid low price but nowhere near where the company should be valued.
Are the acquiring capital firms the same as the ones who did the new loan issuance? Did they ask management to screw up so the old loan could be voided? Did they wink wink nod nod ask management to slow roll filling the new capacity with promises of being richly rewarded so they could short the company into single digits and pick it up on the cheap?
Anyone here have the wherewithal to do some research and initiate a shareholder class action?
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