Glacier Media Inc GLMFF

POOR MINORITY SHAREHOLDERS STILL HANGING ON TO GVC

[modulex]

Hello Ponzihunter,

Your'e absolutely right when thinking back of TORSTAR, which stock i held for 6 years at a cost of $1.75 and was bought for $0.73 or so. This was a real shame for a company that had no debt and a book-value of approximately $1.75 at the time it was sold. Torstar had a major drawback that killed minority shareholders. Family Trusts were vested with an equivalent to preferred shares and agreed to sell in return of an enticing offer. Board member Honderich received $1M to agree to that inappropriate, abusive takeover. Minority shareholders didn't have the guts to fight and were left suffering a great loss of money. As for GVC, it is dead and washed since many years. No one would would make me lure that at $0.37/share this stock has any chance for a significant recovery. Again here, it is a shame to witness these gutless minority shareholders keeping dreaming for such a long period of time, hoping the Messiah will reward them. Whether a public company has money in the bank, good cashflow, working capital, etc... doesn't mean anything when it comes to a merger/takeover. The principal shareholder is the one that rules the roost. Madison Properties, its principal shareholder should be forced by minority shareholders to sell the company outright and move on to a next chapter. TVA GROUP (TVA.B) is also in the same boat as GLACIER MEDIA.

[Martin1]

That is me. Started buying in 2000/2001. My average cost is around $2.00. 22 years of hope or is it hopeless? Every quarter it is the same story, "headwinds etc.". They really do need to get rid of The Time's Colonist but think there is a clause that they aren't allowed to sell. I may well be in the ground before GVC recovers but while there is life there is hope....maybe. A long

[kk-ppmc111]

Sentiment here is understandable and your points aren't without merit.  This could conceivably be a value trap.  The privatization of GVC is being done as a long play.  Minority shareholders may not be gutless, rather they may understand the unfortunate position they are in as BCA and the relevant Corporate law does not avail itself to minority shareholders. The Torstar deal