It was suggested to me by a broker that if the share price can be driven down another, say, 40% (say around 90 cents), you could make a bid to shareholders at share price plus 30% premium (say $1.30) and take it private quite nicely
Or at that level the government can step back in, buy the company back and make a tidy profit. The government in power would get good kudos from such a savvy transaction.
I also read that the ALAEA are refusing to change work practices,
Wow. All those years of work change and thats the thanks we get. No compromise on job security clauses. Time is on our side, and we have plenty of it.
