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Red_Right_Hand

04/29/24 7:35 PM

#687901 RE: flipper44 #687897

For what reason(s)?

a. a buyout's on the way
b. we want existing shareholders to think a buyout's on the way
c. we want potential new shareholders to think a buyout's on the way
d. we want all current suitors to think a buyout's on the way
e. we want the one and only on the fence suitor to think that some other entity is involved in a buyout on the way
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CrashOverride

04/30/24 1:19 AM

#687939 RE: flipper44 #687897

I do not believe we should expect a buyout at the current valuation or anywhere near. In my opinion management feel the pain we know as shareholders which should be lessened significantly after UK approval.

While some members of the board and management are certainly old, younger staff can be brought in to help run the company. In that scenario the terms outlined on 10KA I do not believe would be executed. These are boilerplate which must exist in the eventuality of a partnership or buyout. They do not signify an imminent deal though I wouldn't be angry if I am incorrect.

If management wanted to sell the company
now allocating limited resources suing Wall Street seems irrational. While Cohen Milstein took the case on contingency, Les and Linda are hard nosed hands on litigants not sitting back letting a third party determine the future of their company.

In a time of scarcity priorities must be determined. I do not believe management would endeavor on this undertaking if they wanted to sell the company. There are other short-term efforts that would facilitate that outcome better than a multi-year arduous yet groundbreaking lawsuit.
Bullish
Bullish