When you are the guy providing financing on numerous occasions (Kruger), taking shares from other shareholders makes perfect sense.
Financial engineering gives him personal returns and then there is little resistance to future moves by shareholders. Not a slimy move in my eyes, merely one done to protect his investment and to grow the business. That said, the $.50 offered could turn out to be a bargain for major holders by management projections.
The nice part is it doesn't take much to add above the threshold to join in the future of the company. I know some have or are contemplating it.
Those with degrees from the Cox School of Business are generally pretty sharp.
I see what you did there subtly. Have fun with a pissed off Johnny Manziel next week EI :p
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