Don't forget that TIL management (particularly their CEO Angela Buglass) put in a lot of hard work to make the CITIC deal happen.
from: http://www.nzherald.co.nz/business/n...ectid=11975852Trilogy International's planned takeover by Chinese conglomerate CITIC Capital was months in the making, says Angela Buglass, chief executive of the Auckland-based company.
For eight months, Buglass facilitated the deal, assisting directors and advisers with the finer details and steering commercial negotiations.
She wouldn't risk all this hard work now with providing an overly optimistic trading update - would she?
Just wondering where the company would be now if Angela would have used all this bandwidth she put into the CITIC deal instead into growing the company?
But yes, I agree - no point in fighting a board and management team who clearly have their own agenda. I guess if shareholders decline their request - it would't be that hard for them to demonstrate how little the company is really worth - would it?
Memo: time to update my "never again" list ...
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