Not too bad, actually the second best possible outcome imo. The best would still be a rights offering + spinoff like the original plan but the spinoff co stays public. This way you would get the upside from limited participation in the offering while still have the liquidity of a pub co. All in all not a terrible outcome but this all could've been down more than 12 months ago. This has been my largest position at cost and it's done nothing for a whole year... Not impressed but will hold on since the thesis is finally playing out
Glad to see they decided to scrap the private international business plan. That was always sketchy. But management’s whole process through this process still leaves a bit of mistrust.
Not too bad, actually the second best possible outcome imo. The best would still be a rights offering + spinoff like the original plan but the spinoff co stays public. This way you would get the upside from limited participation in the offering while still have the liquidity of a pub co. All in all not a terrible outcome but this all could've been down more than 12 months ago. This has been my largest position at cost and it's done nothing for a whole year... Not impressed but will hold on since the thesis is finally playing out
It's really too bad that so much time was spent on this given how it seemed so obvious to investors what would have been acceptable path.
Glad to see they decided to scrap the private international business plan. That was always sketchy. But management’s whole process through this process still leaves a bit of mistrust.
Yeah agreed. Interested to read the circular when it comes out.