OTCPK:TMBMF - Post by User
Post by
modulexon Feb 19, 2016 5:29pm
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Post# 24576681
2016 IS LIKELY THE END FOR TEMBEC AS A PUBLIC COMPANY
2016 IS LIKELY THE END FOR TEMBEC AS A PUBLIC COMPANYi am seriously hoping that tembec will at some point be taken over in 2016. this bugging company has to go. what is holding tembec from having been sold many years ago is unknown by the rank and file shareholders. for one thing, this indicates that president/ceo james lopez who took over in january 2006, is still very much, for some reasons, in the driver's seat and perhaps not ejectable until he chooses to resign on his own. tembec's major shareholders have little chances to win an ousting campaign against him, should they attempt to. Mr. Lopez is however, for a sure thing, the last president/ceo of Tembec given the company is in a shambles. Tembec is no doubt in a selling process. There is no way that investor Fairfax Financial who came on board buying 20 million shares at $2.25 on june 12, 2015 will leave its money languishing for very long. On February 17, 2016, TMB stock climbed at one point to CAN $1.20 with approximately 60 million shares traded at 10:30 a.m. The bid then became $1.45 and ask $1.90. By noon time, it pulled back to a little over $1.00 and closed at $1.01. As of today's closing the stock is at $0.91. On August 25, 2015, an analyst from a large canadian chartered bank, requiring anonymity, stated that after the recent drop to a penny-stock level, i dont think that it is unreasonable to think that someone will want to acquire Tembec's assets to afterwards refinance them. We are getting closer to that moment, said the analyst. We are now six months passed and the recent outburst or pop up in Tembec's stock this week is probably a signal that somebody is considering a run at the mill with Tembec.