Re: Where did Glorieux go? - PC
in response to
by
posted on
Mar 30, 2011 12:42AM
Do you want to sell CMM or don't you?......
Personally, I don't want to sell. I would rather have had MF honour his original commitment and exercise his warrants but that is not where we are right now, unfortunately.
If you pledged your stock on igloo you need to ask yourself why?......
Because it's the only place where one can band together with others to publicly display their collective displeasure with the proposed offer and the utter disregard CMM management has had for their minority shareholders.
Did you pledge it because you want there to be a "NO" vote at all cost and want no deal to happen for the sale of CMM......
If the deal stays as is or close to it I want no deal, at all costs.
there is no white knight so a NO vote means going it alone as CMM.
A white knight is still possible as no one is going to make a competitive bid until the circular comes out. I still prefer going it alone as CMM.
Or....
Do you want your shares to represent your displeasure with this offer and you will consider a reasonable offer if this one were to increase?......operative word here is ""reasonable".
I would consider a reasonable offer but the way things stand right now we are a long long way apart. I would really have to think about a 1 for 1 deal. Anything less and for me and it's a no vote, for sure.
These are two completely different objectives, whose support for one, is diametrically opposed to the other. Stockigloo is not differentiating between the two? This is a real problem and I'll explain.
Yes, the objectives are different and there is still time to take a concrete direction.
If Fair-for-all (who is the real deal, by the way) is to work together with a committee, then that committee will need the complete and unconditional support of everyone pledging their shares for a potential deal based on a sweetened offer........not founded on unreasonable expectations based on the desire to have no deal and no sale. They are mutually exclusive and require completly different representation.....
The only way I see this working is if the expectations are established prior to any negotiations. If there are unreasonable expectations then someone has to come out and lay them on the table for both the upper and lower end of the scale. I won't accept anything less than 1 for 1 and I also realize that $1.50 isn't going to happen either. So, what are they?
I'm not sure I like this deal at the moment......
I'm absolutely sure, the current deal sucks in a very large way.
but I believe a decent deal can be achieved!
Please tell us what you believe is a decent deal?
Stand strong......be strong......finish strong!
I think that most people are standing strong but do not have any guidance. What people need is a strong voice to rally behind. This voice should have a clear vision that is backed with a very good case. The longer this drags on without that strong voice the more things are going to fragment.
I like the handle "Fair for All".......that happens to include EVERYONE....including the other side......that's how deals are cut and money made.
I'm all in for "Fair for All" because the way things are now it's "Fair for One".