RE:RE:RE:A Few Questions from a shareholder of RECO and ROEA LOI has no meaning in law. A Definitve Agreement does, There is and there will continue to be
a growing outcry and pressure on the directors to end this merger. Key players are being asked to approve a deal which has a massive conflict of interest at its core. Why VP IR and big shareholder who invested real money in the unit last August at 70 cents is gone due to this merger and conflict of interest.
U. S. institutional shareholders have a habit of initaing strike suits against the company and directors when they lose money. That legal action clock started ticking today. Any U. S. shareholder who bot the stock today btween $9 and $10 is in the red. Under ERISA U. S. money managers have an obligation to consider legal action called a strike suit for damages. Once RECO falls to $3 all hell will break loose from a U. S. class action lawsuit. This merger LOI is a redflag to both Canadian and U. S.class action legal firms who get paid by a contingncy -- usuallly 30% of the settlement or a court ordered judgment.