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Evolve Canadian Aggregate Bond Enhanced Yld Fd ETF V.AGG


Primary Symbol: T.AGG



TSX:AGG - Post by User

Comment by jdn55on Nov 18, 2014 12:08pm
155 Views
Post# 23140134

RE:RE:RE:RE:RE:RE:RE:Definitely some potential today

RE:RE:RE:RE:RE:RE:RE:Definitely some potential todayNot saying your wrong BP as we both go back a long way as AGG shareholders and we both know Pinetree has been in from when AGG 1st listed. With that said I am on the record as stating several times in the last 2 years and as recently as a few months ago that Pinetree makes me nervous with what was almost a 20% block in AGG. Pinetree made me nervous for 2 reasons. 1. It's fairly common knowledge on Bay St and Howe St they've been in rocky shape with their debt covenants for a considerable period of time which means AGG shareholders were at risk for the kind of dump we all just experienced. 2. My bigger fear is they either do a creeping takeover of AGG or could have a negative influence on events if another mining company did go hostile on AGG. That fear turned out to be unfounded but I have heard through the grapevine that Pinetree was approached a few times in the recent past about using their AGG block to potentially go hostile on AGG and they did not do so. I also heard rumours a few years ago that KGN/AKG we're going to go hostile on AGG with a lowball offer but backed off when they couldn't get support from large institutional AGG shareholders like Sprott and Pinetree.
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