I agree with jch wants more; he may also want out or have significantly different opinions...
I don’t think you can make that assumption. There were failures to meet covenants of loan agreement. They could have been forced to provide equity to lender as well possibly a trigger of conversion price for jch.
I think hindsight may be painful and should be avoided no matter the income. I think this was the most difficult decision dauber had ever made in his career. I would be willing to bet a part of him wanted to take a “pay day” loan and give it a go....
I know they don’t have the pension for risk I do (maybe mine is ignorant / blind / and to modified in the future), but without getting into analogies I would assume the buy was cheap for Myers; while at the same time more than fair considering the predicament facing aeti.
Overall, i think you got this all wrong.... I did as well. I would have evacuated on the pop a couple weeks ago while i was playing in the yard with kids.....
Maybe I’ll change my mind. I try to be open minded. Trust me I say I looking hard for a reason to buy and change my opinion.
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