Yeah, it's kind of a robbery, ...and there goes my plan to visit a Berjaya tropical island resort when the price hit $5, lol!
A "take under" was my only fear of holding this company, but since Berjaya had kept them public for more than 15 years, I thought for sure they had some better plan to realize the value of this company in the public market. Surely if Berjaya had let go of their majority and issued some shares to a strategic partner fears of this kind of thing would have been allayed, and the market would have given them a much higher multiple.
In the end, I guess the complete lack of insider activity should have been a sign of the lack of vision for this company.
....now keep an eye out for an ITSI DE IPO in the next few years IMO.
"Our houses are such unwieldy property that we are often imprisoned rather than housed in them." - Henry David Thoreau, Walden: Economy, 1854
