Are we happy that someone close to the Baron is going to run the company? Given the lowly shareprice and impending convertible note repayment, I do not like the idea of someone running the company who is close to a person who could use their debt position as a way of getting the company cheaply should refinancing not be available (or not fully sought after). I for one am happy to have Maoming on-board just to have two large players competing for the same assets. Hopefully Maoming's director will keep things 'honest'.
EPG Price at posting:
16.5¢ Sentiment: None Disclosure: Held