Click here to Skip to main content

Welcome to the Lounge

   

For lazing about and discussing anything in a software developer's life that takes your fancy.
The Lounge is rated PG. If you're about to post something you wouldn't want your kid sister to read then don't post it. No flame wars, no abusive conduct and please don't post ads.

Technical discussions are welcome, but if you need specific help please use the programming forums.


 
GeneralGetting worried now PinmemberThe Reincarnation14-Jan-13 23:40 
Back in October a Hedge fund started buying shares in my Company to a stage that they have got 23% of the shares now. Effectively with $100 million in the bank and a very undervalued stock price, we were very attractive to them.
 
To combat this we have employed a poison pill approach as well as a one-off $2 per share pay-off in order to unload some of the excess cash to make us less attractive and also in the hope that they would take this windfall and 'do one'.
 
According to El Reg[^] and an e-mail from my CEO today this has failed and the Hedge Fund has written an open letter criticising the Boards insistence to move into the cloud market and wants to put 3 of it's own Directors on the board.
 
Word is that the Hedge Fund will just rape us, and then Liquidate us. And with it get reported in El Reg amongst other places I am worried now. Has anybody else had experience of these funds? Should I get out now?
GeneralRe: Getting worried now PinmvpOriginalGriff14-Jan-13 23:55 
GeneralRe: Getting worried now PinmentorDaveAuld15-Jan-13 0:01 
GeneralRe: Getting worried now PinmemberChrisElston15-Jan-13 0:04 
GeneralRe: Getting worried now PinmemberThe Reincarnation15-Jan-13 0:09 
GeneralRe: Getting worried now PinmemberColin Mullikin15-Jan-13 3:26 
GeneralRe: Getting worried now PinmemberLabVIEWstuff15-Jan-13 5:17 
GeneralRe: Getting worried now PinmemberJimmyRopes15-Jan-13 5:22 

General General    News News    Suggestion Suggestion    Question Question    Bug Bug    Answer Answer    Joke Joke    Rant Rant    Admin Admin   

Use Ctrl+Left/Right to switch messages, Ctrl+Up/Down to switch threads, Ctrl+Shift+Left/Right to switch pages.


Advertise | Privacy | Mobile
Web02 | 2.8.140926.1 | Last Updated 2 Oct 2014
Copyright © CodeProject, 1999-2014
All Rights Reserved. Terms of Service
Layout: fixed | fluid