BobKS, yes, there is a risk of differential treatment of the management group versus the "lesser" shareholders, just as you described. I'm wondering if the tax code (and I'm a little out of my league here) might mitigate that possibility somewhat, in that the management group would do better getting their money via capital gains versus earned income.
Also, the Fife-held shares which are needed to tip the scales towards the vote needed to sell the company (OK, its assets) wouldn't vote yes towards the transaction if they were being shafted compared to the management group.
Overall, you've properly derived why there is currently such a large discount in the stock price from what most of the gang here thinks it would take Kyle and folks to accept the transaction.
Fair enough?
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