Originally Posted by
DALMD88FO
"If we turned it down, and if were successful in reengaging management on new terms, best-case scenario, we believe we might only gain a few percent more value. However, if it didn’t work, our downside risk was probably a few percent less value. This is because we’d reengage the company and likely get a version of this same deal later this year. However, we’d probably get skinned a few points of value in the process, so as not to reward bad behavior."
So it would be considered bad behavior by management if we turn down a deal that does not meet our requirements? That is too funny!
No, it's not funny. It's insulting. That verbiage implies mgmt are adults and the pilot group is a bunch of children.
Given that is MEC's perspective (and it clearly is), it's little wonder they approved this TA.
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