Bullboard - Stock Discussion Forum TVA Group Inc T.TVA.B

Alternate Symbol(s): TVAGF

TVA Group Inc. is a Canada-based communications company. The Company operates through four segments: Broadcasting, Film Production & Audiovisual Services, Magazines and Production & Distribution. The Broadcasting segment, which includes the operations of TVA Network, specialty services, the marketing of digital products associated with the various televisual brands, and commercial production... see more

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TVA Group Inc > MINORITY SHAREHOLDERS ARE ENTITLED TO OPPRESSION REMEDY

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Post by modulex on Mar 21, 2021 1:44pm

MINORITY SHAREHOLDERS ARE ENTITLED TO OPPRESSION REMEDY

TVA Group minority shareholders can ask the Quebec Superior Court, civil chamber, to render judgment, order TVA Group to settle by way of an "Oppression remedy", also known as "Redress for abuse" given that management and its Board of directors are stating year after year that they are committed to work in the best interest of all shareholders, but remain totally passive in taking no initiative to that end, causing the corporation's common shares (TVA.B) to have depreciated more than 80% in the past decade.

A lapse of 10 years is by itself a crucial act of negligence by TVA Group management and Board of directors.

Such recourse can be made under articles 450, 451 and 453 of the LSAQ, which website is www.lsaq.ca

The LSAQ however, request that a mediation process be undertaken with all parties involved, before introducing a legal action.

I am verifying with several lawfirms as to what price would cost minority shareholders for going forward in that direction.

TVA minority shareholders could always first, send by registered mail a letter to the President and CEO of TVA Group asking for a face-to-face meeting. Should such meeting be refused by TVA President and CEO, then ask a lawfirm to step in.

I suggest that one of the minority shareholder be contacting stakacsy@lesterasset.com with a copy of this posting.

Corporation. On July 5, 1973, the corporate name TLMTROPOLE CORPORATION was changed to Tl-Mtropole inc. On February 17, 1998, the TVA Group Inc. was incorporated in accordance with the laws of Qubec by letters patent dated March 29, 1960 under the name Tl-Mtropole corporate name. Tl-Mtropole Inc. was changed to TVA Group Inc. The Corporation is governed by the Business Corporations Act (Qubec). Its head office is located at 1600 de Maisonneuve Boulevard East, Montreal, Quebec H2L 4P2 Its website address is www.groupetva.ca. The telephone number is 514-526-9251