Tired of management only thinking of themselves can anyone understand shareholder vote options and advise how to vote in the best interest of shareholders I will vote that way thanks.
Thanks. The company take-over language in the Rights Plan is very interesting. It appears as though Banro is expecting to get some offers. It will take me a while to truly understand what is being said there. I came away from my first pass at it thinking that it seems to be there to make sure shareholders receive the best possible compensation in any type of deal.
The scales seem to be tipped (in a big way) in the favor of Common shareholders versus Preferred (dividend-paying) shareholders. In fact after my first time through I don't remember seeing Preferred shareholders mentioned anywhere but I did go through it pretty fast.
The bottom line is that things are going to be very interesting from here on out.
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