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Alias Born | 09/30/2013 |
Tuesday, January 14, 2014 7:08:06 PM
Seems the only difference in our line of though is that you are giving management the benefit of the doubt and I am not. The anti-takeover effect mentioned by another poster is a good point but I feel I gave management abundant time to justify the 3B and they haven't even addressed it. Couple that with the cryptic answers from IR to questions that I consider to be rather straight forwarded and I have reached my tipping point.
CANX knows that no matter what dilution comes that if they complete full deal realization - they get 49%... Even if another 400m shares have been added between now and then. They don't care that just means they get more shares too.
The biggest red flag of all would be if CANX makes Sterling a joint CEO of both companies or finds another way to give him ownership % of CANX. This would reek of collusion directed at stealing market value from shareholders.
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