Wasted Shareholder Money, page-9

I don't know what the term "financial viability" means to everyone, but what I know is the financial package put together to fund the merger and new company called Lincor Limited was still a good deal for all parties with no more risk than any other option including IPO.

1 -You should ask yourself why a well respected and credible CFO would say I am going to move from Hills to Lincor Ltd CFO but not take back my old CFO position? What does that tell you about Hills?

2 -The only risk to this deal was execution of the new company post merger. The same risk all companies in that position must achieve. If the new company did not perform, its stock would have been crushed post IPO. The parties had a viable financing package that would have seen value created for Hills and the amount of that value would have depended on how the new company performed. Period.

Shareholders are crazy for not taking action. Millions of dollars were walked away from and Hills is in a much less position of strength.

I think you will HIL keep drifting down and down until its back in the 20's and JHL will have killed about $25-$75 million in value for shareholders.