GREY:HRIVF - Post by User
Comment by
ferrido5on Dec 24, 2010 12:46am
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Post# 17891845
RE: RE: Minority Letter to HRG & Severstal
RE: RE: Minority Letter to HRG & SeverstalHello everybody,
I am a minor shareholder of HRG, but still following this board constantly. I spent 21 years of my life living in Russia. They are very certain type of people. All their history is complete eradication of their own people. After the collapse of the Soviet Union the whole Russian wealth landed into hands of few. All their billionaires were penniless clowns who knew nothing about the world of investing and how to run business. Many of them became rich overnight. The only thing they know is how to steal and screw up everything that happened to fall into their hands. Russia is absolutely corrupt society where people don’t trust even each other. Their assumption is that they can f#ck law abiding westerners as much as they can. I know this from my personal experience. Business ethics doesn’t exist for them. Most of them have servile mentality adopted by one generation after another. Mr.Mordashov of Severstal is one of them. But they do understand one language. They are afraid to play by the Law. It’s not their territory and unfortunately for them if they know the fight takes place in Canada (of course if it will) they will do everything to avoid it. As I said before HRG is only very small portion of my portfolio, but I just wanted to contribute my humble knowledge in that matter and I find that what 1Marketmaker suggests makes much more sense to me. I believe it will help a lot if minor shareholders apply pressure on them with threat to proceed with legal action if nothing changes about the current situation. Anyway I wish you best of luck in your effort to win this corrupt Russian company. And Merry Christmas to all !!!