re: Ann: GMR: Aurora to Become Cornerstone In... Hi mc117,
In my opinion, ARM should have returned that cash to shareholders and let them decide where to invest it. ARM's discount to cash was an indication of the market's perception of the Company's ability to generate value. If/when ARM goes back trading at its previous discount, then that 3 mil will have essentially disappeared. For current shareholders, I hope that does not turn out to be the case.
I was a holder, so maybe I just have a chip on my shoulder.
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