Re: October 24th
in response to
by
posted on
Oct 25, 2008 07:32PM
The company whose shareholders were better than its management
ARU still long in my Accts w BMOIS. I'll Post Monday when and if I see the arrival of K.
When I questioned a Rep 08Oct08, he said he tried but wasn't able to contact anyone within BMOIS with any concrete information. Best he could volunteer were presumptions. Think he was regurgitating the ones I gave him in a previous conversation.
If anyone reading this have now had their ARU position replaced by Kinross, would u advise us pls.
As to that "Registered Letter" re Dissent ... I'm presuming those that had their ARU held in Registered form - in their own name - recvd the letter.
My shs are held by BMOIS in Street Name in four family accts - No such letter/memo/note, Registered/Ordinary Mail/eMail even vaguely referring to Dissent was recvd. Had I truly wanted to proceed as a Dissenting sh/hldr. I guess it was my responsibility to advise my Dealer of my intentions. Maybe that's when I would have been mailed the "Registered letter" to Declare my intentions.
If ever I'm faced with another T/O, not a Cash Offer but through an exchange of shs, I think I'll seriously consider selling my shs the first day the T/O is announced. Now, with the advantage of hindsight, had we done so, we might have stood a chance to grab that 2 second window of the illustrious, much publicized $8.20 Valuation of this Offer.
No, we didn't even have that opportunity because the Warrants weren't even trading on the day of the announcement. As well ARU had been obviously beaten down to ... $4.50 by the time the Offer was Announced. Maybe we should have calculated the conversion of our ARU into K and asked our Dealers to sell K that day on a Delayed Delivery Basis in excess of a Month. I wonder how many Dealer would have accepted that order - Nada!
That was a creative calcuation was it not. K got all that Publicity as the one taking us out of our misery and giving us this great premium. Patsy and the BOD and Keith Barron too are all greedy heartless individuals but they'll continue to build their wealth on the backs of the Retailers because no one gives a Damn ie OSC and the Retailers haven't got the funds to fight and prove malicious greed, dishonesty, ie stock options and Failure to Act accordingly.
Cdn Retailer Shareholders are losers even moreso than in the States as each Cdn Province wants their piece of the Action and the OSC nor Provinces share information with each other. All act independently of one another. Hence an additional expense to the Retail shareholder.
As such the Case has to be pulled together by another Lawyer, one for each Province and heard individually in the Province in which the Retail Shareholder resides. Thus creating additional several times duplicated expenses.
A redundant Law but it will prevail until the Provinces give up their individuality to one Body of Governors to control the entire Cdn Securities Industry.
Such a Law is a big plus in favour of dishonest people like Patsy and our BOD.
As a large Group we could absorb the costs and present a good case if it could be heard in one Jurisdiction. In small groups of five and ten shareholders, to present a Case of any magnitude is too time absorbing and expensive.
IMO It takes a large Group of minds to think of all the twists and turns a Team of Lawyer should present and the funds of many contributing to bring the costs within a manageable level for each participating Retail Shareholer.
Geez I had no intention of spewing all these thoughts out in this Post. Best to just forget it but not these Names.
William Fisher (Chairman and Director ARU)
Patrick Anderson (President, CEO and Director ARU)
Colin Benner (Director ARU)
Jon Douglas (Director ARU)
Andre Gaumond (Director ARU)
Joseph Hamilton (Director ARU)
Thomas Obradovich (Director ARU)
Jonathan Rubenstein (Director ARU)