re: Ann: VIE: Viento notes Mariner's with... Already stated that...

re: Ann: VIE: Viento notes Mariner's with... Already stated that the Viento directors weren't willing to sell their stake for such a low premium. If I recall correctly the original plan was to eliminate a few members of the current board by acquiring the 10% or so stake off ASIC or something along the lines of that. You can see where the MCX board was coming from though, Viento has over $200M of properties under management and there is huge potential for revenue stream there. Also taking into account the relatively low market cap of Viento ~7M it does seem undervalued by a long shot, but it's up to the directors discretion what to do with their assets, as the main objective of the board is to provide returns to their shareholders :)