I'm sure everyone here has read "Will this process end?" by LastDance on the other board. I thought it was an excellent post. What are ones feelings on this post?
"McGoey and associates failed to sell the spectrum starting 2 years ago with Greenhill.
Then we were told that the climate wasn't right for it as the AWS auction was coming along.
This auction would hopefully authenticate the value of the spectrum and enable management to continue the quest of selling the spectrum.
Well, after all was said and done, the spectrum was not sold with a spin that said somebody was going to buy the spectrum but didn't want any competition while trying to woo management (What world does this bidder live in ?).
Bottomline, the spectrum was not sold.
Now, here we are with an an organized sell/bidding process and a successful negotiation has not resulted from any of the "multiple bidders" including the bidder that precipitated this court approved bid process.
I can only come to one conclusion in this matter. Management has raised greed to new heights. This was my biggest fear with this company, a history of major greed."
And with the item in the "News Release"
If an agreement or agreements are executed with one or more purchasers
for Look's assets, the Corporation will seek a Final Approval Order from the
Court to approve any transaction, or series of transactions. Any transaction
may be subject to various closing approvals, though no other shareholder
approvals are necessary for any asset sale.
I have a sneaky suspicion "UBS Private" will be involved as "One" of the buyers (Will they give us full value??) & we, as shareholders, will NOT be getting full value for our shares.
I really hope I'm wrong, but I got that same "funny feeling", but not in a good way.... I just want this over, hopefully, with a little profit!!!