I'm curious when you say, "Imo groves et al have no need to rush the buyout as it'll be the end of their cash cow".
In looking at the Annual Report issued on 22/4/2016, in particular the Remuneration Report (page 14 on), it shows that Grove (and Elliott) hold "interests in shares 70,926.948" each.
But their "remuneration" in 2015 and 2014 was purely in the form of shares, and the 2015 shares were valued at market value at that time - $1.24 per share.
Thus surely (this is a question)
1. there is no cash cow involved, and
2. Grove (and Elliott) have taken a massive loss on their shareholdings (assuming they didn't sell between April and now).
The above is not in any way an attempt to excuse their incompetence/ stupidity. They must have known months ago that they would fall seriously short of annual target/ forecast but choose not to issue the market update (but someone obviously knew hence the share price drop from mid July to early Aug).
ICQ Price at posting:
42.5¢ Sentiment: Sell Disclosure: Held
