Cleantek Industries Inc V.RPC

RE: takeover

[matisse2003]

I do not mean to disparage MRC.  I have held it and also hold TWH.  The issue is MRT.UN which I have also held.  MRT is REQUIRED to pay out a very high cash distribution.  Thus it cannot be grown through internal cash flow.  My sense is that RPC should be kept separate and should be the pure growth vehicle.  The unfortuneate issue is that Rai cannot come to the markets for capital to grow this vehicle because of the kind of poor treatment he has shown toward shareholders over the years.  Treatment like this highly opportunistic ( I call it piggish) bid.  Even Rai's insiders won't hold stock.  This is true of both current and past execs.  Bruce Simmonds is the only exec/director past or present who has held stock.  David King has been with Rai for decades.  Look at his holdings.

Unfortuneately it appears that all of the Rai Sahi vehicles MRC, TWH and RPC will remain grossly undervalued but very safe.  Safe because of Rai's tremendous financial accumen and grossly undervalued because of his its "mine all mine" attitude which ignores the risk and patience of his partners who invest with him.  Rai can make it in any industry.  Maybe he will get bored and sell to a third party.  If we are still on board we can realize a gain when he sells.  He will do what he can to get rid of us before that happens as Rai does not know how to share.