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Gold/Mining/Energy : CSI Credit Systems CSU.VSE -- Ignore unavailable to you. Want to Upgrade?


To: Stephen O who wrote (80)6/14/1999 8:44:00 PM
From: Ally  Read Replies (1) | Respond to of 90
 
CSI Management is keen to accept Royal Bank's offer simply because management's agenda is different from shareholders' agenda. Once the company is sold to Royal Bank, the shareholders have lost the complete stake in the company. Management, OTOH, have not lost total owership. Instead, management will have simply exchanged ownership for jobs with Royal Bank, plus conceivably, incentive options.

Therefore, let us not be fooled by supporting management on this deal. It is not to shareholders interest to give away the company at a meager price of $1.30. It is not to shareholders interest to create jobs for managment with Royal Bank. This deal should only go through for the right price... at least $2 per share, as estimated by the analyst.

So, hold on to your shares my fellow SI members. As described in the news article, Royal Bank is likely going to profit handsomely from this deal. So let us not sell out unless the price is right.

Say NO to the $1.30!