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GeneralGetting worried now PinmemberThe Reincarnation15-Jan-13 0:40 
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 PinmvpOriginalGriff15-Jan-13 0:55 
GeneralRe: Getting worried now PinmentorDaveAuld15-Jan-13 1:01 
GeneralRe: Getting worried now PinmemberChrisElston15-Jan-13 1:04 
GeneralRe: Getting worried now PinmemberThe Reincarnation15-Jan-13 1:09 
GeneralRe: Getting worried now PinmemberColin Mullikin15-Jan-13 4:26 
GeneralRe: Getting worried now PinmemberLabVIEWstuff15-Jan-13 6:17 
GeneralRe: Getting worried now PinmemberJimmyRopes15-Jan-13 6:22 

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