Share price held down?14 Mar 2018 08:47
I'm not a big poster on these boards these days but I do visit everyday as 90% my SIPP in SDX.
I know I said this a few weeks ago - but my fear is this is another Canadian company listed on AIM and in Canada, with a share price being artificially held back. With the recent share awards to the Directors this smells too much like Ithaca who really shafted PI's.
Even though share options vest in 3 years - they can still be exercised if the company is bought out for �1.50p (say) next week netting the Directors a cool sum of money in the process.
Also, like Ithaca - the Board could be offered fantastic salaries/share pans in the takeover company to compensate them personally for selling out cheap.
In other words, lets hope the board aren't lining their own pockets and lining company up for a cheap sell at PI expense.
The way it works (I've experienced in practise) is the share holders will all be happy if an offer for �1 comes in because they double their money, but the crime is that the company should have been sold for �5. The takeover company manages to pay �1 per share because of backroom deal with Directors. Shareholders don't realise what they should have got.
I'm not accusing SDX of this - I'm just asking question why share price is held back - and putting down a marker that we can reference and demand an investigation if the same Ithaca practice is carried out here
I'm not deramping - I almost full-in with SDX and I want to realise full value of my shares if an offer comes in shortly