GREY:HRIVF - Post by User
Post by
SergeBruneton Jun 09, 2009 12:48pm
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Post# 16055346
Duh! II
Duh! III can't wait to see the:
| The recommendation of the Special Committee follows the preparation of a formal valuation of High River conducted in accordance with Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61-101"). |
Which seems not to be necessary after reading their press release a couple of lines below. Was that loan really
coming in default on June 12th? It seems to me that any management that deserves its mettle should have been able to renegotiate payment terms, even more so in the current environment! Also, was the 'announcement' of May
21st really an official 'offer'? I did not receive an official document... the 20 day average should therefore start today!What a bunch of crooks.... Is there a way to get an injunction against this private plunder (euh..placement) proceeding?
The OSC is a frakin' joke...