If anyone phones up the company and gets a clearer picture of the deal, please post your notes.
I would love to have a conversation with mgmt/board, but I have been critical of their actions (re:dilution and performance hurdles) in the past and it is unlikely I would get any traction or a response.
It bothers me immensely when I see a board doing things they would never do if the company was private.
That said, RNC has been good to me (two years of patiently waiting). It's not over yet though.
RNC Price at posting:
24.5¢ Sentiment: None Disclosure: Held
