By Tom Winnifrith | Thursday 7 November 2013
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
Another day and another missive is issued by the board of Hibu (HIBU) ahead of its EGM on 4th December. Rebel shareholders are trying to oust the overpaid and under-delivering board and oppose a restructuring which will see shareholders lose 100%. I have noted before how the actions of the board in employing uber-expensive bully boy lawyers to try to scare off the rebels are despicable.
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