Hello PablO,
I've have appreciated your posts as well whenever I've visited here in the past.
In all honesty, my posts are coming from a simple persons point of view, ones that I think most common men and women if given the opportunity to make a decision or direction to choose would choose something similar.
I do not profess to know any of the legal speak jargon, etc., and what a company can/cannot do. There are many around on these boards much smarter on that side of things than me.
But in general response to your comments, at this time, I personally do not feel that we really are hanging by a thread anymore. The Bk is going to once and for all clear up the US troubles, leaving the rest of the company to be sold. Since there is no debt other than possibly some legal fees to be paid for the handling of the sale and this current restructuring of the company. Which shouldn't amount to that much in the overall scheme of things.
If the China assets are valued at $400M which is what FEED put on them, most likely they are worth more in the current hog environment.
Quite possibly leaving those of us "not" selling today with a very nice return once they are all sold.
I was hoping they too would keep the China assets and continue on, but it is my guess, Ivan and the team really do not want to run a hog business. They got into it to turn it around and turn over the reigns, or to sell. Which looks like what they are doing.
Ivan and his crew got their options at .30 & .39, no way they would have waited around to make a few thousands of dollars profit. If they get the $400M+ then they will profit handsomely in the millions.
Most of the shares outstanding were in the float, so most everything has to go to the shareholders.
All just my humble opinion. And also what I've been praying for. Not only for myself, but for all those others here who have struggled with this one for years now.
I'm giving it about 3 months or so to wind it all down.
Have a great day.
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