Management tried to have just one share class but the family refused, plus they started a buyback but the volume renders it meaningless. The family wants total control of the company so they will not allow share conversion. They also don't care about having that amount of cash on the balance sheet, so the investment is not as interesting. I will write a bit more about this in the coming weeks
Any updates on this ?? Great work
Management tried to have just one share class but the family refused, plus they started a buyback but the volume renders it meaningless. The family wants total control of the company so they will not allow share conversion. They also don't care about having that amount of cash on the balance sheet, so the investment is not as interesting. I will write a bit more about this in the coming weeks