#SynlaitShareholderMeeting #LiquidationOrRecovery #AssetDisposal #VoteWisely
Hey fellow shareholders 👋 Have you noticed how Synlait shares have dropped a whopping 86% in the last year? 📉 With the upcoming meeting on 11th July 2024, the big question is – how are you planning to vote?
Here are some thoughts to consider:
– Liquidation option: From an asset perspective, this might seem like a better choice as it appears that the company has been poorly managed.
– Asset disposal: Could selling off assets be a viable solution to recoup some losses and potentially salvage what’s left of the business?
What are your thoughts on the matter? Share your ideas and let’s brainstorm together on how to make the best decision for the future of Synlait. Let’s make our votes count and steer the company towards recovery! 💡📊 #ShareholderDiscussion #RecoveryPlan
Not a share holder, but use to own A2 milk.
I think it is over for Synlait
I have 25k in & $1.25 cost basis.
The loan from Bright looks fine. But I’m not happy about any share dilution. If I don’t see asset sale by 11 July, I vote no.
“Go woke go broke something something..”
Down 86% in the last year.
But ATH high was like $13 6 years ago, now worth $0.23.
I think Rolleston will become cheap again.
I think you need to have a serious rethink. If the assets are liquidated virtually all of the proceeds will go straight to the banks to repay debt. I highly doubt there will be enough residual cash to distribute to shareholders.
Also think about the bigger picture impact it will have on the thousands of people and their families who depend on Synlait (employees, farmers, service industries, etc).
Piss poor management
time to handover dunsandel to A2