SuggestionMaybe there is another option available to disinterested shareholders in the event that the TSX is not moving fast enough on this issue. Rereading the ballot text, the terms of the deal, the quasi-uniqueness of the inducement warrants concept (see my prior post on the subject) ...it is so blatantly self-serving and one-sided that one can seriously question the very legality of the entire deal.
When I took the decision to sell at a lost yesterday, I factored into the decision my share of the gift that asked of me by the YNG high-ups and it was about $450 for every block of 10000 shares (you will find the calculation details in another one of my prior posts). With such a significant lost at stakes, it becomes a very viable option for a group of shareholders to pool in some money (my guess would be in the 10-20K range) to get a top level corporate lawyer to prepare an injunction to delay the entire deal. That would force the YNG BOD to amend its greedy approach as I am pretty sure that they would not let it go to trial because some of the third party stakeholders would have way to much to loose in terms of credibility if this situation were to be picked-up by mainstream media.
Anyway, this is just something that I would be seriously considering if my situation would not have allowed me to pull-out yesterday.
On another topic, todays volume looks bogus... a bunch of insiders exchanging shares for show...
GLTA