Jim:
Who does CVIA belong to? THE SHAREHOLDERS! We own CVIA, we paid for CVIA with our money, we legally own the company. Jack is handling our asset, and he has worked out a deal with WOTD to take our investment for far less than its value. I look at, analysis, negotiate, draw up the contracts, manage, sell, and mostly reject deals everyday, deals which have a value of at least $1 million. 9 out of 10 do not work, the seller is not motivated and wants an above market price, the Tenant does not do enough business or make enough profit to afford the rent a location commands. A purchaser only wants to pay a substantially below market price. There are many reasons a deal goes sour, you have to recognize that most deals do not close. And whether it be a buyer or a seller, neither one will ever be happy with a deal or every be able to sleep at night if either one thinks one more nickel could have been negotiated. Jack seems to be hesitant to pull the plug on these guys, they are reducing the value of our investment (the company that we own) far too much to their benefit. These negotiations are far too one sided. How do I know this, it is what I do every day.
There are other buyers out there, WOTD seems to be made up of a group of sharks in a feeding frenzy, when it is all done, we will be left with a fraction of our investment (please understand, WE ARE THE OWNERS OF CVIA). If you approve of what is being done to your investment, you have a right to your opinion, but I believe you make up a very small minority. Even if I am wrong and the minority group is the group that disapproves of this deal, I will not let this deal happen without utilizing every legal tool and method I know of to either kill the deal or alter the terms to limit the shareholders losses.
I have a large investment at stake here, as do many other Investors, I am not willing to just accept the word of Mr. Arnold that we have negotiated our best deal. No offense to Mr. Arnold, I am sure he is a fine person, but I suspect he does not deal with sharks everyday. I am fairly sure he does not know how to stop these people (WOTD) from raping us at will.
Rather than throwing my hands up, I am going to take a proactive approach. Maybe that makes me not a nice guy, but nobody is going to take away my piece of this company without a good fight.
ALSO, just read Mr. Andersons post, that where I am coming from as well! I totally agree with him 100%.
Robert |
