"Map holders are getting S------d. Your conflict of interest is that you cannot wait to vote in favour of MQG where you have more invested."
That is a point of view. Albeit it seems the most popular. But when the board meets to vote, I have little doubt that it will pass decisively. GSJBW has put a price of $600M on the management rights, not $345M. There would be no MAP without MQG. And when you bought MAP you knew the fee structure. Basically nothing has changed. If you liked MAP before you should like it more NOW. In the old system there was DEFINITELY a conflict of interest between:
Managers
Shareholders
The base fee was on the size of the fund and so managers were tempted to buy and pay more..............more fees
....that is POTENTIALLY gone, if you vote for it.
I had big arguments with MQG at the time they bought into the AFRR and US toll roads. As the size of MIG went up....so did the fees.
Now all that is about to change................if you vote for it......
BTW: What is the position of MQG's 22% of MAP............can they vote?
BTW: I love the NEWS Corp journos wailing about poison pills.
NEWS Corp is registered in DELAWARE .............the home of poison pills..................silence from the journos..................;
BTW Where is Michael West esquire. Surely this MQG transaction must swing his pen into action.
MAP Price at posting:
$2.43 Sentiment: Hold Disclosure: Held
