GREY:TBTEF - Post by User
Post by
Steamy1on Jul 22, 2016 11:22am
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Post# 25075879
Received my voting package early this week,
Received my voting package early this week,I was holding 50,000 common shares @ .075 as of the record date. The risk of holding the shares and losing them seemed inherent. If the vote is NO, and they go into receivership, I get nothing, If they increase the offer to the deb holders to get a yes vote, there is no upside for me other than the .01 cent gain. If they restructure, I will be sitting on dead money for quite a while. I don't have faith in a better domestic bid coming in.
Not worth the stress, so I sold today @ .05 for a loss.
My question here is:
Since I was a shareholder as of the record date, I should still be able to vote no?
This management team and banking consortium have left a bad taste in my mouth. Although I have no financial stake in this anymore, I would like to vote my principles to stop selling out canadian assets at a discount to foreign holdings companies.
I agree that the Deb holders are getting royally screwed here.
Whats your take on this?