Going private14 Feb 2020 14:25
AC takes in 1m pa, buys shares increase his holding at no cost to him.
Shareholders pay for everything and get diluted to oblivion.
Eventually de-lists shareholders are shafted, but wait AC has a large % and buys the rest for peanuts, its private company now guess what with all the assets and all prep work done, he either sells company for a profit or runs it properly for his own benefit and other family members,remember has transferred stock to other family members, also one should question whom owns the subsidiary companies, no surprises there either.
Now the question is AC incompetent or deliberately doing this to the company.
Note very frustrated LTH