TSX:CUS.DB.D - Post by User
Comment by
Calgaryrideron Sep 22, 2016 11:15am
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Post# 25265533
RE:Poor Management & Governance (BOD), yet you're all here...
RE:Poor Management & Governance (BOD), yet you're all here...The words "egregious shareholder value destruction" have never been truer. I can't believe this two-bit board has lasted this long. They should've been put to the curb - where they belong - since Boondoggleheim costs and schedule exploded. This will be a knockout made-in-Canada business case one day. Canexus Receives Shareholder Meeting Requisition, September 22, 2016 CALGARY, AB--(Marketwired - September 22, 2016) - Canexus Corporation (CUS.TO) ("Canexus" or the "Corporation") today announced that it received an email requisition on behalf of Stirling Global Value Fund Inc. ("Stirling"), described as a holder of more than 5% of Canexus' shares, on September 21, 2016. The requisition requests the convening of a general meeting of shareholders at which shareholders will be asked to vote on a resolution to remove Canexus' eight incumbent directors and, if passed, to set the number of directors at five and to elect five new directors to the board of Canexus. Canexus is reviewing the email correspondence and will provide a detailed response in due course. There is no need for shareholders to take any action at this time.