Might add that the Ardent board appears totally DELUSIONAL on a number of important points:-
1. They've lost $900 million of our money but still claim they're growing the business at record levels. Hello?? Sounds like a Don Morris 1980's MOJO-speak in action.
2. They claim Ariadne is copying THEIR growth plan. Last time I looked, their plan announced at the start of the year was to spend $1.5 BILLION of money they DONT HAVE to expand the Main Event business. "Compare the Market" - Ariadne's is about reducing costs, investing for growth and restoring value - none of which involves blowing $1.5 bil of our money. Ardent board's plan is about ....ummm, er , ...nothing.
3. All we've heard from the Ardent board since Ariadne showed its hand are mealy-mouth words like "trust us" (hahaha) and management firings and appointments (the latter very questionable and not subject to shareholder (owner) approval. TITANIC DECK CHAIR SHUFFLE!
AAD Price at posting:
$2.09 Sentiment: Hold Disclosure: Held