OMIC Yeah this dog was in my doghouse for a long time and is finally trying to get out. Total speculation on my part, but the way this was released has me guessing that mgt wouldn't talk to the investor group and was willing to keep milking this company into the ground. Mgt didn't try to maximize shareholder value voluntarily. A "non-binding proposal" doesn't really mean much, but suggests they're trying to force mgt's hand to do something, also has me guessing that mgt wasn't willing to talk to them seriously, so they had to go public with their proposal. I'm guessing the shareholder group didn't want to watch their money continue to disappear month after month, and neither do I.
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