The reputation in the capital markets was so bad, no one trusted JHL and Hills board. Shareholders should know that financing and options were in place to make deal happen and IPO next summer after the merger. JHL pulled the plug against the advice of her senior management and outside advisors.
Shareholders should very carefully think about their rights and the responsibilities of a board to add value and create value for shareholders.
HIL Price at posting:
41.0¢ Sentiment: Sell Disclosure: Not Held
