I love the optimism on HC! Even now that the board, the CEO and the largest remaining shareholder have all dumped their shares, after they ALL said that the offer was too cheap and the asset was worth more, still posters on here are hoping for a higher bid. GET REAL! Its one thing too post on here speculation and thoughts about a stock its a waste of time to blindly put up ridiculous hopes.
The board f&*cked us over plain and simple. I have stated before that they have made bad decision time and time again and then they go and hang us out by selling on market. You can all talk about the Chairman not knowing what NHC was doing but its all bullshit. If the RN really believe the crap that has been coming out of WCL for the past 24 months then he would have made NHC make a bid. The fact is that everybody in the CSG industry knows the WCL is a dog that will struggle to flow the gas for the price that they have said, it won't even come close! We should all be majorly pissed that the board refused to engage and try to solicit a higher bid for us, hell, even a few cents would have been nice. But no, they just spat the dummy and sold on market! I would hate to think what sort of bonuses the exec team will take out of this too!
Im so discussed over the way the RN as chairman has dealt with this that I am selling my NHC shares too, I done with him.
You really do have to admire the way that LB and the Chinese has played this one out. Well done to them.
WCL Price at posting:
39.5¢ Sentiment: Sell Disclosure: Not Held