I read DB had until yesterday to agree to this nonsense, otherwise the $13.5 million penalty had to be paid to WTG. Anybody know the outcome of the DB decision?
If the regulators don't step up and defend the shareholders of CMM, well then I suppose they should all be fired for total incompetence, because situations like this one are exactly the reason why they have jobs, and they better do a good job on this file. Reading through the chain of events it is totally obvious that this plan has been in the making for a very long time.
On a technical aspect, the previous and current representation of the BoD should be enough to scrap this deal with no penalty.
That's all I'm going to say or post on this subject.
Once again, you guys have done a great job banding together and organizing a great defense, keep it up.
Skier