Post by
RagingBull3 on Dec 08, 2020 8:09am
Duty of Care, Oppression
I bought into Husky Preferreds, not Cenovus. This Transaction basically Forces me into becoming Cenovus or Forces me to "Dissent" and cash out without knowing what the Compay will pay me.... As I understand. I consider a wholy owned "Husky Subsidiary" to be Cenovus, as I believe Cenovus will be in the Driver Seat.
I see no/little Duty of Care of the company to address their contractual obligations and duty of care to Preferred shareholders relating to contractual terms of the Preferreds.
Preferreds have a contract. They are cummulative, not convertible. They have Terms.
Day to day management of contractual obligations I would assume is Managements (CEOs) responibility and probably the Directors as well in this situation.
All just my opinion/view
Comment by
RagingBull3 on Dec 08, 2020 8:14am
Although either way it's still a good investment. Cenovus Preferreds or "Husky" Preferreds in a subsidiary...... $25 now is better and it is what is called for by the terms of the Preferreds in my opinion. And there seems to be Legal Precedence of similar cases. Again, all just my opinion.
Comment by
firstworld on Dec 10, 2020 9:24am
Haha none of this matters in Canada and with Cenovus dismal record I would run fast. Great to see this above 6 at least the Chinese know how to make money LOL. If I still held this I would sell. As it is I sold at 6 ish in Q1....
Comment by
RagingBull3 on Dec 10, 2020 9:34am
You cashed out too early.... this whole sector is going to take off like a rocket. Things are just getting started. All just my opinion.
Comment by
woodwise on Dec 10, 2020 12:56pm
Hey firstworld, you little parasite. You sold all 3 of your shares at $6. Wow, maybe you can funrish your mud hut.
Comment by
RHINOpowerTOP on Dec 17, 2020 10:05am
DONT LISTEN TO THIS LITTLE MAN HE LITTLE MAN AND HIS NAME IS LITTLE WOODIE FOR GOOD REASON I HEAR FROM THE LADIES!