“I got a list of like 50 common values and then I put that in my notion board and then I went through all of them and highlighted the five or ten that are most important.”
“We wrote an open letter ... tender offer price was at 6,700 ... I felt fair value was at least 30,000 Korean won per share ... zero shares were tendered ... controlling shareholders then pursued enhancing corporate value”
Ryan Albert · The Acquirers Podcast · Korea’s Hidden Value: Activism, AI & Golfzon | Ryan Albert
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What was described
Wrote and published open letters to Golf Zone Holdings' board highlighting disclosure and fairness issues, then shared them publicly to pressure the board during a tender offer
Tender offer price 6,700 KRW vs fair value estimate 30,000 KRW; controlling shareholders reached 85% of 90% threshold before second offer
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“Every speaker that's coming to the audit committee or the boardroom, try to remember to include their bios. You don't want to waste valuable time during the board meeting going through their backgrounds.”
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