GFI Downfall
2,753 views1/10/2015
Mickey Reacts To BGC Tender
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| 00:00 - 00:03 | Mickey, BGC has upped their tender price. |
| 00:04 - 00:05 | ...they have offered to acquire more shares, |
| 00:05 - 00:07 | ...and extended the date of their tender. |
| 00:08 - 00:12 | You will have to raise your tender price to outbid BGC |
| 00:12 - 00:15 | ...or lose GFI to to BGC and Howard Lutnick. |
| 00:17 - 00:19 | Yeah, it's OK....we'll just get CME ... |
| 00:19 - 00:21 | ....to pay more for Trayport. |
| 00:24 - 00:26 | Mickey.... |
| 00:27 - 00:28 | CME... |
| 00:31 - 00:33 | CME refuses to pay more for Trayport. |
| 00:34 - 00:36 | They say you will need to pay more for the IDB. |
| 00:53 - 00:58 | Everyone but the Jefferies team leave... this... room ...imediately. |
| 01:13 - 01:15 | You said no one would bid! |
| 01:15 - 01:17 | You wankers told me no one else would bid! |
| 01:18 - 01:23 | I'd buy the IDB for NEXT TO NOTHING, you said! |
| 01:25 - 01:28 | Why did i listen to that idiot Yavorsky! |
| 01:29 - 01:31 | I have to ransom my own company back from BGC! |
| 01:31 - 01:34 | Their disrespect for our company and my family is beyond reproachable!! |
| 01:34 - 01:37 | THEY EVEN BROUGHT MY EX-WIFE INTO THIS! |
| 01:37 - 01:40 | Like I haven't had enough headaches from that woman over the years! |
| 01:40 - 01:42 | But sir, you were getting a ridiculous deal at the shareholders expense. |
| 01:42 - 01:46 | NONSENSE! BGC just had its 3rd miserably failed tender offer in 4 months! |
| 01:46 - 01:48 | Sir, the Board has it's fiduciary responsibilities! |
| 01:48 - 01:52 | Fiduciary responsibilty my ass! Fanzilli and Magee CAN SUCK A DICK!! |
| 01:53 - 01:54 | And that know-it-all bitch! |
| 01:56 - 01:57 | As it turns out, she's the only one with any balls!!!!! |
| 01:57 - 02:00 | The other two can go suck Howard's dick! |
| 02:00 - 02:03 | BGC is far far short of the significant ownership stake that JPI has! |
| 02:04 - 02:08 | GFI will not succumb to BGCs Playbook of destabilization and will remain an intact and profitable viable company! |
| 02:08 - 02:13 | They want as spoilers simply to disrupt and destroy out proposed CME deal to the detriment of all GFI shareholders!! |
| 02:14 - 02:16 | I'll GIVE the fucking business to ICAP before I'd sell it to that Schmuck! |
| 02:17 - 02:21 | They are soliciting a proxy which they have failed to achieve in a tender which puts no cash at their risk!! |
| 02:27 - 02:29 | My personal opinion... |
| 02:30 - 02:34 | which is mine and mine only.... |
| 02:34 - 02:36 | ...is that BGC will attempt to solicit enough proxies from shareholders ... |
| 02:41 - 02:42 | ....without risking |
| 02:43 - 02:47 | ...any cash of their own to control enough shares of GFI to block our CME merger in an attempt to drag GFI ... |
| 02:48 - 02:53 | ...into a prolonged drawn out due diligence with BGC to the detriment of all GFI shareholders. |
| 02:54 - 02:56 | Such proposal supported by a bogus tender offer... |
| 02:56 - 02:59 | ...littered with conditions that can't be be met and give BGC a virtual free walk from the deal. |
| 03:00 - 03:02 | A tender that will extend beyond the end date of our CME merger! |
| 03:04 - 03:07 | Pull yourself together, Chris Ann.... |
| 03:14 - 03:16 | Fortunately, GFI is not in any financial stress. |
| 03:19 - 03:23 | And unlike other companies that BGC/Cantor Fitzgerald has targeted... |
| 03:25 - 03:26 | ...GFI will not succumb to BGCs Playbook of destabilization. |
| 03:31 - 03:33 | and will remain an intact and profitable viable company. |
| 03:40 - 03:46 | This never would've happened if I hadn't let Ron piss away tens of millions of dollars on Kyte. |
| 03:46 - 03:49 | "Oh we can trust Peter Green", he said! |
| 03:53 - 03:56 | Don't get me started on Peers... |