IMHO Shell has already got a battle in it's hand in trying to convince the majority of shareholders into selling their own holdings already. So, if they were to do that, it would only create them more headaches in convincing the already hesitant ones to accept. Shoot themselves in the foot as they say, lol.
As for me, I hope they do so. Because I know that they may get told, in no uncertain terms, where to go.
Yes, the Management can sell their own holdings if they wish, but I don't think that many Shareholders will. After all, it is all profits for them (Management). How many shares do they own, and how many shares did they actually buy on the market with their own cash, lol. And the sooner that they will sell this lot, the sooner they can start afresh with the next lot. If AOE is not sold out, the only way to sell their holdings, they would have to sell on market, and that wouldn't go down very well let me tell you, or resign from their positions and then sell out what they have. And that wouldn't go down very well either. Think about it.
As to why the Management is doing this, it is anyone's guess. But usually, a Good Management, and Individual Directors tells their shareholders as to why they think the offer is good and as to why they recommended the accepatance of the offer.
To that part of the equation, IMHO the Management has failed miserably. WHY...??????
IMHO, I am also sure that Managements do follow the HC Threads. As such, they should start taking notice of what is written here, and start acting accordingly.
Buddy
AOE Price at posting:
$4.88 Sentiment: Buy Disclosure: Held
