Re: I Tendered
in response to
by
posted on
Oct 03, 2008 08:44PM
The company whose shareholders were better than its management
The Investor’s stated reason for tendering was:
I just saw no further reason to delay as the outcome is inevitable. I'll ride Kinross for the time being.
From this Stmt, I conclude and I’m sure I’m not alone, there was NO goal to switch for liquidity and NO urgency to tender ONE Trading Day BEFORE the Deadline so don’t feed me with your “Holier than Thou” Stmt:
It takes arrogance on the part of anyone of us still holding on to our ARU shares to question other shareholders decisions without knowing how the changes in these chaotic markets have effected their portofolios. One does not need to be in danger of an actual market call to decide to tender ARU.
There are those on this Board holding MULTIPLE Thousands of shs, that are in a profitable position even accepting the K Offer but they joined with the smaller Shareholders holding at higher prices of 7, 8, 9 and 10, and committed to hold fast in the possibility of receiving not Fair Value because we were robbed of that but an outside chance of an increased Offer that would benefit of ALL of us.
Such could not be accomplished unless we ALL, Large and Small Investors, stick to our Commitment.
Too many weak hands folded for no reason other than: I just saw no further reason to delay as the outcome is inevitable.
Consequently, those that Held tight to their shs because they had Committed to do so, lost in their effort to force a more favourable price for the benefit of all. I personally think we skirted with the possibility of attaining our goal had we ALL Honoured our Commitment.
It was my intention to let your comments slide but it’s been bothering me not to defend myself as your comments IMO were unrelated to this particular situation to which I commented.
This has been a good lesson on human frailties as to how little a Commitment means to some.
It’s a dead issue as ARU is History. We own K shs so I’ll get off my ARU Soap Box.