Great assets, strong track record, grim governance. Can investors hope for better?
Do you have a current estimate for liquidation value? The proposed liquidation only mentions initial distribution of $1.25 per common shares. What are the assets remaining after this distribution?
Currently hold shares of EVRC at Schwab. Schwab will let me sell my shares but cannot purchase due to SEC Rule 15c2-11. Company plans to distribute $1.25 minimum/sh on or about 3/31/2023. Anyone know how to make a purchase?
The 'private equity in an evergreen public vehicle' structure here reminds me a bit of Melrose.
Fascinating as always. Thanks. I haven't read the letters in your link from the dissidents and the company but I'm curious what you think the plan might be from here. Obviously making investments in companies can be a risky proposition if the person in charge makes a bad decision and if the CEO was the main decision maker his leaving could be problematic if they decide to sell Zagg and plow all their money back in to a new investment? Is there any chance of some special dividends or buybacks if it continues to trade at such a low valuation?