RE: Your man LES sold us all out!!21 Apr 2017 17:44
Lessons learned if any of the Directors set up / join a new company. it just eliminates the wheat from the chaff. Brad Hurtubise , Les Thomas , Ron Brenneman , Jay Zammit , Alec Carstairs , Joseph Asaf Bartfeld , Yosef Abu.
From Malcys blog today Last week I had been planning to write another interim report on IAE but heard that it was all over bar the shouting so didn’t in the end. Today the company has announced that 70.3% of the non-Delek votes have accepted the offer. This reminds me of the Centrica offer for Venture Production where shareholders also sold the company down the river. Of course the VP directors stood and fought, unlike the IAE directors who have taken their 30 or so pieces of silver. Now don’t get me wrong, I have immense respect for Les Thomas and team which is why I have said that they should have stayed and taken the company to the next level and I do appreciate that they have to assess the risks involved in making that decision, I would at least like to see Les and team reappear with another ‘venture’. Date extended to 3rd May, after which I will need a new bucket list participant, might even be a company run by someone who was on the board of Venture…