GREY:HRIVF - Post by User
Post by
brickson Jun 10, 2009 12:28am
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Post# 16057399
Market As Battleground
Market As BattlegroundI admire all the planning being done to fight this ridiculous scheme.
Iam with you guys and am willing to help with anything I can muster.
But one nagging issue in my mind right now is this:
The other camp are bright folks playing games. Wouldn't it be obvious that in the interest of assuring a favorable result come voting period, they would have gone to great lengths to ensure that sufficient amount of voting stocks are placed in the hands of their proxies and allies in the minority? Enough to ensure victory no matter what their opponents (us) do, at least?
I was kinda suspecting they were loading up (through proxies and allies) during the initial .18 hint offer. But since they needed to increase the bid to today's .22, Iam assuming that they were unable to accomplish this security measure during that period (tendered volumes were too low). So the soup needed another stir, rattle the cages again, drive up the volume, create another frenzy, so they can buy in more.
By accomplishing this, it doesnt matter what we minors do, we are losers come voting day.
The only way to fight this then is get these stocks being offered for sale to friendly (friendly to us) minority hands. So, the next several days are crucial. These stocks must go to our group or Severstal can't be stopped. If they cannot secure enough during this run, they'll probably stir it up again (offer say .25 with another doomsday story attached to it).
Its just hard to believe they would put a vote like this to chance.
If this thing goes to a vote, we are already pretty much screwed, aren't we?
What IF the large block institutional buys we saw recently were meant to strengthen their position?
Do I make sense?
Iam watching the volumes, nonetheless.
Btw, anyone want to give me instructions on how i can attend the AGM. I live in downtown Toronto so going there is no bother. I dont have the stock papers some of you are hinting about. I trade via an online discount broker. Are the receipts from my discount broker enough proof of ownership? They do say HRG XXX,XXX number of shares. Are they?