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spelled out in black and white and layman's terms. They protest the sale because they know it is not in MQ's best interest, that will be the end of the company. So, they don't want to lose their own $$ investment. Again, you have to skim over some of the legal filing paragraphs, but they go into enormous detail, right down to naming names and what the plot is, and want to stop it as they believe it will be the end of MQ entirely. Lots of plots and turns, but all there. Yes, this hedge fund has a history of suits, per the other poster, but NOT frivolous. They buy into companies that have the potential to be GREAT companies but are being mismanaged. Then they try to get in positions on the board to fix things, and thereby make $$ on their investment. They are the good guys here and trying to help MQ. They claim, and I'm sure are right, that the board of directors acted only in Philips best interests, not MQ, because Philips wants to dump us like a hot potato ASAP. But even if the deal goes thru, this legal paper outlines how Philips can then immediately pull a move that would destroy MQ financially. It is there and not hard to understand. You just have to concentrate and read it. Again, they even say in this legal document that MQ has been thrown under the proverbial bus, so this is not a hard thing to read. Its very informative and very very important. |
Read the lawsuit. Heavens, it is all clearly - VeryClear
