RE:RE:RE:Aimia Shareholders for Accountability- take actionThat very well could be true. Rabe is very litigious, and P. Mittleman may be being cautious about an allegation about his duty as a director. That said, with the standstill agreement over, there is nothing to stop Mittleman from soliciting proxies and calling a new meeting. All he has to do is ensure that he complies with his fiduciary obligations to the corporation, and doesn't breech any confidentiality requirements.
Another potential is that there is a deal in the works to sell the whole company, to sell PLM, or on the opposite, to make a major purchase. If that was the case, and the negotiations are in a very delicate state but close to the end, both the Chair, Rabe and Mittleman, might have wanted to say nothing. They might have been afraid of being accused of deceiving the shareholders if they said the plan was to go forward as set out in the "new direction", if that was not in fact the plan, but if the deal isn't finalized they would not have been at liberty to talk about it publically, and were in a catch22. So they decided to just shut up and flee from the shareholders. This is all total speculation of course, but still, it would explain what is otherwise completely inexplicable behaviour. Put it this way, if the Chair and Rabe don't have a logical explanation for their behaviour, no one will want to be associated with either of them in the future.
coldtoes wrote: I feel strongly that he is acting as a proxy to bring this issue forward, as Mittleman still is on the Board.
Mattywack2 wrote: I just sent him an email of support. He responded almost immediately. We should all do the same: every bit of support can help. Notice at the end of the article he strongly suggests that he will try to solicit proxies for any new meeting. This could be interesting.
quote=James23]very interesting article today from an informed activist shareholder.
if you share his frustration, i wouldn't be shy about reaching out to him to help effectuate the change that most/if not all of us in this room seem to feel is necessary. his contact info within the article-
https://finance.yahoo.com/news/aimia-shareholders-accountability-outraged-over-181300856.html
[/quote]