Supremex Inc T.SXP

Next steps

[HermannHaller]

The company needs to come out and disclose what was proposed by GC, why they disagree with it, and whether it will in fact go to a vote at the AGM (and be included in the info circular). I am not sure about the rules, whether his 10% means they have to include his proposals or not. GC has done this before, so I assume he knows what he is up to from a legal procedure point of view.

It was a little surprising that this morning's press release stated that he delivered two proposals for the circular, but doesn't tell us what they were. Nor does he mention any specific criticism or point of disagreement with management. Maybe he is planning a second press release.

Wild guess - he wants them to stop making acquisitions, maybe sell some assets (real estate?) and/or put the company up for sale. 

The suspense!

[Capharnaum]

From what I gather from the news release, the propositions may be part of the next circular?

[Barrhavenite]

First post here but I have held for a few years now as I liked the dividend and glad it has returned. With today being the x date I expect shares to fall a bit next week. That will be a buy. 

[fishowl]

From the press release In addition to having recent and separate discussions with Supremex's CEO and its Chairman for the purpose of sharing his views, on December 30, 2021 Mr. Christopoulos delivered two Shareholder Proposals addressing certain of Supremex's strategic alternatives, for inclusion in Supremex's next Information Circular. The term 'strategic alternatives&

[2young2invest]

We can wait for AGM to hear about strategic alternaives or... "For a copy of the report filed under National Instrument 62-103, please contact: George Christopoulos, 1075 Bay Street, Suite 505, Toronto, Ontario M5S 2B1, Telephone: [phone]."

[hawkowl1]

A year ago SXP was under $2 and under circumstances at that time continued to make decent profits.Zucker fund could have made a low offer for company and it might just have gone through around $3.50? Anyhow that is history. Now Mr.Christopoulos sees an incredible opportunity with a stagnant share price and great value and will likely make around $5 million or more on his 10.1 percent position

[Tapcet]

Maybe looking to raise $ from sale of two real estate holdings. idk what they're worth. From news article: "In a telephone interview, George Christopoulos said he wanted to wait before revealing the content of his proposals, but nevertheless pointed out that demand is currently strong for industrial buildings in Toronto and Montreal. He points out that Supremex only owns two of the

[HermannHaller]

Full interview: https://www.lapresse.ca/affaires/entreprises/2022-02-02/un-militant-met-de-la-pression-sur-supremex.php

[Tapcet]

Also worth mentioning that SPX is trading below book, and as of Q3'21, PP&E at all it's NA manufacturing faciilities combined was carried on bs at only $36mm. If I were a new 10% shareholder, I'd also have an issue with executive compensation.  Am I missing something, or did Emerson just about DOUBLE his entire package to $1mm last year  - in the same year the company cut