No I didn't think they would jump for joy. They are looking out for their own interests and NOT the interests of the shareholders. Mr. Margetak should be ashamed at himself. The last I knew he worked for US and NOT UTI.
"We've been through a lot as a company over the last eight or nine months,'' Margetak added. "We all want to get back to work."
That quote from him is a JOKE. Sure, screw all your shareholders, and your employees while your at it. Just as long as you can go back to work!! Attention all UTI makes no guarantees!
"It should be treated with contempt because at this point, it's absolutely ridiculous," he said. "This offer is way too late and absurdly too little."
Is this the attitude of a Chief of a Company??? To give up in the 11th hour??? Would he have the same attitude if perhaps there wasn't something for HIM in the deal?? What is this $750,000.00 for?? You bet your life he'd be fighting for another deal if this one left him out in the cold. What is happenning is criminal!!
MR. MARGETAK, YOU HAVE SOLD FRACMASTER, CANADIANS, YOUR SHAREHOLDERS, AND YOUR EMPLYEES OUT!! SHAME ON YOU!
I would give back every share I own to Mr. Balm before I would see this sale go through and walk away from my losses with pride knowing Fracmaster stayed Canadian. Id also personally throw in a few extra bucks to be at the front of the crowd to see this TRAITOR get a nice swift kick in the a*s!
My concern his is not the money, it is the principle!
UTI says they want to keep frac running, they just want to own it. My question is, if this is such a sinking ship why would they want it. Why would the CEO want them to have it so bad that he would betray his shareholders. I liken Mr. Margetaks attitude to this 11th hour deal to a Captain of a sinking ship, who instead of going down with the Titanic hops on a life boat and denys another the seat with his only goal to save his a*s and not his SHIP!
Let me be the first to say it Mr Margetak,
YOUR OUTTA HERE!!!!!!!!!!!!!!!!!
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