RE:RE:RE:$310 Million US in Investments You are each entitled to your viewpoints, but I need to say...your plan (to dissolve the holding company and distribute half of their cash as a dividend) is simply not financially sound and will receive no support from any institutional or professional investors. It is destructive to value to such an extent that it unfortunately calls into question the acumen of anybody proposing it. I do not mean any offense, there just isn't a single positive economic benefit to it for equity.
Mr. Market is wholly convinced that the board will not create any value for shareholders with this windfall. Not because of the name of an in-house investment manager who does not even sit on the board or its investment committee. It languishes because EVERY Aimia board going back for at least three leadership groups has failed to make sound decisions, leaving behind an eroding asset base and worsening liquidity concerns. Mr. Market fears the current one is doing the same. The board needs to immediately prove them wrong in shock and awe fashion, and I continue to hope they will. Following my thrice proposed simple roadmap should accomplish exactly that.
As for your shared hatred of Mittleman, specifically Christopher who is the portfolio manager of the two, it sounds almost personal so let me ignore him/them for a moment because I don't think sharing statistics will be of any benefit. The board can buy index funds if they want, I don't really care so long as they capture as much market upside as humanly possible coming out of this bear market, and do so using LIQUID securities.