RE:RE:Information Circular now up on SEDARYou're right, there is a LOT of stuff to talk about in the circular. One thing of interest is that page 33 of the circular shows pretty directly that managment wants to have the company continue as a loyalty managment firm. That is directly opposed to the letter/article that Mittleman posted on his website hinting that there were only 2 options for the company: dissolution or to turn it into an investment vehicle. Looks like a fight will be brewing in February.
coldtoes wrote: A lot of information in there. First - it seems like it will be good for SH. I find it interesting the vote has to be a 2/3rds majority, instead of a simple majority. That (to me) takes some of the control out of Mittleman's hands.
The other vote, where they reduce the value of the organization, looks like it is aimed squarely at being able to pay dividends again. So I'm in favour of that.
What I found interesting was the background information. Looks like someone (they don't say who) was trying to buy all of AIMA and take it private, back in April. I'm not surprised, and I have to give them credit for holding out - if it had been bought then, we would not have seen nearly the gains that we have seen so far with the Aeroplan deal. A go-private deal would have made someone a lot of money, but not us.