Re: Investors Club / Last Post
in response to
by
posted on
Oct 15, 2008 04:57AM
The company whose shareholders were better than its management
Thanks so much, Boardlot, for your very constructive post.
I sincerely believe at this point that the Kinross Offer circular is quite misleading, as is the Canadian Business Corporations Act. Obviously, there is a process other than the one these documents describe, and this must be set down somewhere. I believe we all received the earlier notices from Aurelian and Kinross, regardless of how our shares are held. I know I did.
You are right. For an individual shareholder to proceed, they need to have a substantial shareholding at stake, or be financially well-fixed and enjoy tilting at windmills. As far as any combination of shareholders pursuing this, it just doesn't seem to be in the cards any more. My reading of the sentiment is that most are ready to move on.
I am still awaiting info from Scotia McLeod D.I. on how K was able to short-circuit the procedures as set forth. They tell me this is a common event. If so, why in hell don't they know what the authorization for it is?
Thanks again, Boardlot, Chilbear and all those posters with a heart of gold, but pockets empty of ARU god!
Best regards, Orange Flash