RE:RE:The Management Information Circular...He certainly started it with his lowball offer, and then consistently making it look like the company's future was hanging by a thread. Suddenly, the company has the wherewithal to fork out almost $5M in the space of a year to catch up on distributions.
On that note, when you add in the possibility of, say, 60 cents per unit over the next 12 months for current royalties, we would be receiving a total of approx $1.17 of distributions over the next year, equating to a current yield of 13.8%! Even if future distributions settle around a buck a year, that is an ongoing yield right now of 11.8%,
You can see why the big fish are loading up the truck.
flamingogold wrote: This fight was started by Fowler. Janes came to the rescue for sharefholders. I will cast my vote based on that alone despite everything in the circular designed to tarnish Janes' image. I may or may not vote for his 2 elected nominees and it may not even matter now because the board number has been increased to offset the chance of Mr. Janes taking control. SIR is no saint in this fight.
About Mr. Irvine... just a wild hunch but I believe he could be an acquaintance of the Fowlers judging by his proximity to SIR's headquarters and background which I believe may be somewhere tied to Peter's father. I could be totally wrong, but either way I believe he will side with SIR.