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Aimia Inc T.AIM

Alternate Symbol(s):  AIMFF | T.AIM.PR.A | T.AIM.PR.C | T.AIM.PR.D

Aimia Inc. is a diversified company. The Company operates through three segments: Bozzetto, Cortland International and Holdings. The Bozzetto segment is a provider of specialty sustainable chemicals, offering sustainable textile, water and dispersion chemical solutions with applications in several end-markets including the textile, home and personal care, plasterboard and agrochemical markets. The Cortland International segment consists of Tufropes and Cortland Industrial LLC (Cortland). Tufropes is a manufacturer of synthetic fiber ropes and netting solutions for maritime and other different industrial customers. Cortland is a designer, manufacturer, and supplier of technology advanced synthetic ropes, slings, and tethers to the aerospace & defense, marine, renewables, and other diversified industrial end markets. The Holdings segment includes investments in Clear Media Limited, Kognitiv, as well as minority investments in various public company securities and limited partnerships.


TSX:AIM - Post by User

Bullboard Posts
Post by Mattywack2on May 29, 2019 1:15pm
132 Views
Post# 29782144

Vote Against All Directors except Mittleman

Vote Against All Directors except MittlemanMittleman has 24% of the voting shares, and is contractually obligated to vote for all 6 nominated board members. The Chair and Rabe are nominating people that are aligned with the direction Rabe wants to take the company: the company stated this directly. Note that Edwards, who joined the board when Mittleman did, is out. Like many shareholders, I have no confidence whatsoever in Rabe and the BOD's new direction. The tiny continuing operations lose tons of money. The plan is thin, has no specifics, and seems designed merely to continue the employment of Rabe as CEO and the other employees of the company, as shareholder value diminishes. And I think it is fair to say that the market agrees with this assessment, given today's share price. Even if Mittleman's forced vote of 24% on June 28 means that the 6 members will all get elected, I hope that as many votes as possible are withheld. There is an outside chance that some may get more than 50% votes withheld even with Mittleman's 24%. And if not, the more votes withheld the more leverage Mittleman has to show the BOD and Rabe that he can control their fate so they either have to do as he says, that the shareholders are not on board with the plan, and they either have to change direction, or else resign.
Bullboard Posts