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Bullboard - Stock Discussion Forum Aimia Inc T.AIM

Alternate Symbol(s): T.AIM.PR.A | AIMFF | T.AIM.PR.C | T.AIM.PR.D

Chemicals Specialty Chemicals

Aimia Inc. is a diversified company. The Company operates through three segments: Bozzetto, Cortland International and Holdings. The Bozzetto segment is a provider of specialty sustainable chemicals, offering sustainable textile, water and dispersion chemical solutions with applications in several end-markets including the textile, home and personal care, plasterboard and agrochemical markets... see more

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Comment by TheCount11on Jun 29, 2024 8:59am

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:AIM.PR.C

If you don't see this board as being particularly shy about doing the unprecedented please include the scheme as a sort of shareholder resolution with them. Seems like a win win situation. ...more

172

Discussion

Comment by DaneOddmentson Jun 29, 2024 1:16am

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:AIM.PR.C

I can't think of any examples, but then again, I don't see this board as being particularly shy about doing the unprecedented... they just issued 5M shares at $2.50, less than half of ...more

154

Discussion

Pharmaceutical Tech Co Reports 2.7X Revenue Growth Year-Over-Year at US $24 Million

posted Nov 21, 2024 9:00am by Innocan Pharma Corp

"Our strong operational and financial momentum continued throughout 2024 and now in the third quarter, we again demonstrated solid financial results. We are pleased to report nine consecutive quarters of continuous revenue growth. Our online platform continues to perform exceptionally well, contributing to our strong nine-month revenue growth of 174% YoY ...read more

Comment by TheCount11on Jun 28, 2024 11:46pm

RE:RE:RE:RE:RE:RE:RE:RE:RE:AIM.PR.C

I'll give you the benefit of the doubt that this scheme is not securities manipulation as I won't go to jail if it is. Imagine the only roadblock to enacting this is scheme is providing ...more

143

Discussion

Comment by DaneOddmentson Jun 28, 2024 6:09pm

RE:RE:RE:RE:RE:RE:RE:RE:RE:AIM.PR.C

I think if they announced both actions at the same time, there would not be a market manipulation claim available. The disappointment of the dividend cut would impact pricing to the downside ...more

148

Discussion

Comment by TheCount11on Jun 28, 2024 5:10pm

RE:RE:RE:RE:RE:RE:RE:RE:AIM.PR.C

Can you name 3 other companies that have done a SIB right after cancelling preferred dividends without litigation in the last 50 years? Cancelling the dividend, crashing the preferred stock price ...more

139

Discussion

Comment by DaneOddmentson Jun 28, 2024 2:27pm

RE:RE:RE:RE:RE:RE:RE:AIM.PR.C

Pref shareholders would have no lawsuit because 1) the SIB would be voluntary, 2) the SIB would be announced in conjunction with the deferral of dividends (so no seller would be selling without that ...more

124

Discussion

Comment by TheCount11on Jun 28, 2024 10:50am

RE:RE:RE:RE:RE:RE:AIM.PR.C

The problem is pref shareholder litigation if the dividends are in arrears when pref stock is bought back. The C suite and BoD don't exactly have a great track record with their largest ...more

138

Discussion

Comment by Catscratchon Jun 28, 2024 10:28am

RE:RE:RE:RE:RE:Case study: How to steal control of a public company

Don't think any shareholders are happy here. Probably picking the lesser of two bads and keeping the board on a very short leash. PWC fees are ridiculous for company of this ...more

140

Discussion

Comment by ThatKarenon Jun 28, 2024 3:25am

RE:RE:RE:RE:Case study: How to steal control of a public company

It seems like new suckers are born each day as I see a few larger managers buying starter positions. Have not seen press coverage about Jefferies, about the Eric Hauser/Mark Hauser conflict or about ...more

145

Discussion

Comment by nkbourbakion Jun 27, 2024 5:58pm

RE:RE:RE:Case study: How to steal control of a public company

Yeah, I get it. I had to fight with myself and really hold my nose to vote for the current team, and I am by no means fully convinced I made the right decision. No question at all that ...more

118

Discussion

Comment by DaneOddmentson Jun 27, 2024 5:36pm

RE:RE:RE:RE:RE:AIM.PR.C

yes, that's true. but it's easily done via SIB. they bought $62 mil. of the preferreds back at a nice discount to par in December 2019. and $62 mil. worth of common stock at ...more

126

Discussion

Comment by nkbourbakion Jun 27, 2024 5:32pm

RE:RE:RE:RE:RE:AIM.PR.C

Yes but I assume that's what the other poster was suggesting: i.e. Cut the dividend and then launch an NCIB or SIB. For common shares this is possible. For prefs I' ...more

131

Discussion

Comment by DaneOddmentson Jun 27, 2024 5:16pm

RE:RE:Case study: How to steal control of a public company

I'm actually not sure what Mithaq might have done to break or bend the rules in terms of the way they built their stake, but I do know that they paid market prices, or above, and have an average ...more

140

Discussion

Comment by nkbourbakion Jun 27, 2024 4:51pm

RE:RE:RE:AIM.PR.C

Buybacks of prefs under par are certainly legal. It happens all the time. (Unless there is specific language in the terms of these particular prefs?) It sure seems like you shouldn ...more

107

Discussion

Comment by nkbourbakion Jun 27, 2024 4:45pm

RE:Case study: How to steal control of a public company

You make good points and obviously I share your frustration with the status quo. However, let's not pretend that Mithaq was playing within the rules to build their position. And it's ...more

120

Discussion

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Bullboard - Stock Discussion Forum Aimia Inc T.AIM

Alternate Symbol(s): T.AIM.PR.A | AIMFF | T.AIM.PR.C | T.AIM.PR.D

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