I do know this was not the ideal outcome when you look at it on the surface, especially for newer holders, and I hope nobody reading my posts thinks that... That's not what I'm trying to portray at all. I just don't feel there is an underlying conspiracy or (as you said) that IM would sell out himself or his investors, as he hasn't in the past and his reputation means more than any single asset or company.
I do think that Tremont had significant leverage over this deal (which started before IM was involved), and that to get a price near the 5-year high, was the best the board could do at this particular point in time (hindsight aside).
CXX Price at posting:
31.5¢ Sentiment: Hold Disclosure: Held