Was reading the last con call and the management still keeps eluding about restructuring plan, mentioning that everything is in pipeline, hiring bankers, etc.
What I am concerned about is at what price / valuation would they be willing to sell the GCC business? How will the proceeds be distributed among shareholders? Or is this going to be retained by the company? Also, what is the need to sell GCC business? That was their cash cow. Can anyone clarify on this plz?
The market is not discounting this uncertainty. I am surprised by that.
Disc: Invested and planning exit strategy based on restructuring plan.