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Technology Stocks : GX Investors Thread
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To: CYBERKEN who wrote (425)10/12/2001 12:30:58 PM
From: Bonzo  Read Replies (1) of 586
 
Talk about a huge Conflict of Interest. Only two AX board members aren't on the GX board. They should recuse themselves and defer the merger evaluation to a 3rd party. A 3rd party valuation appraisal of AX should be an absolute. I don't want to see some GX shenanigans that would result in an AX take-under. Still, 43% of the shareholders are not company related. Only takes one to initiate legal action from one of the attorneys currently all over GX. Because both boards are comprised of essentially the same members it doesn't eliminate their Fiduciary responsibility to 100% of the Shareholders. They must act fairly and in good faith. AX may appear as a (Quasi) tracking stock but its not. Its a legal and separate corporate entity.
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