TSX:SGR.UN - Post Discussion
Post by
CanSiamCyp on Dec 23, 2023 1:10pm
Update of what happened to an activist investor ...
... in Slate Office .... George Armoyan ... who was leading a charge against Welch/SLAM corruption but made a fatal error in settling with them ... winning himself (and a colleague) 2 seats on the Board ... but requiring him/them to vote in support of the management team thereafter:
Courtesy of Markopolis ... an excellent forum contributor!
LOSS of $55,800,000.00 that's just on the shares not including dividends
his total investment on just the shares is $66,013,000.00
thats a total negative return 84%
And he is stuck with slam he must vote for them at next AGM as per their agreement
that's if the company is still solvent
Be the first to comment on this post