(Total Views: 422)
Posted On: 09/20/2021 2:59:32 PM
Post# of 148903
One other possibility is that if they (the R/P Group) lost in the Delaware court and then appealed and somehow won on appeal, is that notwithstanding that IMHO the shareholder vote would already have occurred without them, the Delaware court would merely order a new vote to occur at that point. This would benefit current management because if the R/P Group lost in the lower court and the vote went on without them, obviously the management would win. Management would have additional time prior to the court of appeal ruling on the matter to have some favorable results, probably ensuring that they would win on a revote if anything good happened in the interim. On the other hand, if the R/P Group won on appeal, and a revote was held, and management had closed nothing in the interim, who knows who people would vote for at that point, notwithstanding the extreme negatives of this current R/P Group. But, currently it would appear that the R/P Group will be between a rock and a hard place if they lose the lower court case on October 6.
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