Practically if Simpson wins votes when they count, she is the true owner. I see the major problem is this last offering was a bad deal. I don't know if anybody could have done better, that is strictly academic.
I knew for certain I did not like the offering, when warrants could not be executed for one year unless it bumped up the unit price.
Yes, i was wondering about that statement myself i.e. "They specifically say the additional shares available after rev split will allow them to block hostile takeover if one comes along even though the takeover would likely give shareholders a premium." Think they specifically need a Gordon Gekko in there to shake them up Teldar Paper stlye!
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