It does seem that the Board, lacking any ideas of their own to restore profitability, are setting the company up to be sold off at half its fair value (i.e. Properly managed and in a normal market)
At current turnover net profit should easily reach $15 to $20m.
It is also hard to understand why Vinci would be given exclusive rights for an unsolicited offer. Where is the competitive tension??
Not happy!
News: SWL Seymour Whyte Ltd says VINCI updates its indicative proposal, page-2
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