Post by
McRambus on Jan 21, 2021 11:04am
Early Warning Report on Sedar
See the report dated Jan 11. Fidelity has been selling into the market and have sold 248,570 on December 18. Total of 716,508 shares sold since August 10 and they now hold 4,328,946 shares representing 15.29% of Class B.
This tells me Fidelity will be tendering to the deal. Hopefully the shares sold will vote AGAINST this proposal. Our only hope is Letko and Landes and the great majority of us small shareholders banding together to vote AGAINST this proposal.
Comment by
subliminal23 on Jan 21, 2021 7:50pm
As always, I agree with you. At $20.00 I would vote no but I probably wouldn't exercise my dissenters rights. However, dissenting is becoming increasingly difficult, I own global certificates and I have to have a 3rd party exercise this right on my behalf. I am likely going to contest in court at final order.
Comment by
McRambus on Jan 22, 2021 11:08am
I'm not sure what you mean by 'global certificates'. You mean you purchased the shares on the US OTC? Even if you did you are still entitled to a vote.
Comment by
subliminal23 on Jan 22, 2021 5:57pm
Yes, I can vote. However, I want to exercise my dissenter rights. I received a notice from Dorel attorney stating my Notice of Dissent is not valid because It was registered to CDS & co, (otcmarkets.) so I have to get Fidelity to get CDS & co to exercise my notice of dissent on my behalf or they will not consider it valid. They are just playing dirty!
Comment by
McRambus on Jan 23, 2021 10:08am
I see, so you are not a 'registered' holder as such cause you purchased in the American market cause those are deposit receipts. Not a surprise they are playing these games. I always wondered how dissenting rights worked? Do you get a better price than other shareholders should the deal go through?
Comment by
subliminal23 on Jan 23, 2021 11:36am
Essentially you and Dorel will come to terms for a fair market value of the court will determine a fair market value. All dissenter must receive the same fair market price including (Letko.)
Comment by
McRambus on Jan 25, 2021 12:40pm
Well, I long since missed the cut off date to dissent which was Jan 8th. Heck I only got my circular last Friday. Ridiculous. STock is now at $15.60...they are giving you $14.50 for your shares. You are exchanging $11.50 and getting $10 in return. does this sound like a good deal for sheraholders? Vote AGAINST this propsal.
Comment by
subliminal23 on Jan 25, 2021 1:12pm
No you haven't, the original deadline was January 8th. It has been moved to Feb. 12th.