However, if Ronin/SWIM are selling the majority of their holdings the SEC may want to know why. Why sell right before the company publicly states the intent to close these deals? Either they know the deals have soured or they got what they want (IP) and have no interest in Avid.
Does anyone understand the damage that can be done by pre announcing potential deals being completed within a specific time period before they are inked? What do you think the negotiators on the other side of the deal will do when they hear or see Lias publicly make such a statement? I wouldn’t want to be trying to finalize a deal for the company after the CEO makes such a rookie mistake. What is he getting paid again? That is a no win statement that should never be made — Negotiation tactics 101. It’s almost self sabotage. Can the deal still go through. Yes but he made it potentially a lot tougher with that statement, not to say anything about what Wall Street will do if the negotiations are prolonged or even stalled for good because of possible new demands by the negotiating parties. We want communication but it must be responsible communication. This is anything but responsible. He must know this!!! It’s concerning anyway you look at it.
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