GREY:HRIVF - Post by User
Post by
missourimineron Jun 01, 2011 8:54am
374 Views
Post# 18654728
Stand United-Stay the Course
Stand United-Stay the Course That’s not what minority shareholders of HRG believe in Canada, for theyhave organized one of the most effective internet-based campaigns evermounted in Canada to resist Mordashov’s attempts to buy them out. He hasbeen trying since the spring of 2009, with a first offer of 8 cents pershare. He then increased this in two new offers to 22 cents and then 30cents. By the time Nord Gold was ready for the London Stock Exchange,Mordashov’s stake in HRG amounted to 73%. Supposing that he andarms-length companies allied to him have not been able to buy moreshares in the market – Canadian regulations require disclosure of stakeincreases of 2% or more — the resisting institutional and individualinvestors have hung on to around 27%. One of the resisters estimatesthat Mordashov must buy 147 million more HRG shares to reach the 90%threshold. At that point, Canadian stock market rules allow them toproceed with a mandatory buy-out offer to the remaining shareholders........This is what we are capable of when we stand UNITED!!! and I quote "They have organized one of the most effective internet-based campaigns ever mounted in Canada to resist Mordashov's attempts to buy them out" We have sat here for years waiting for FAIR VALUE, all the while watching other PM stocks with 1/4 the production and reserves making 100% gains in SP. We KNOW we can do it, not only for ourselves but for the men and women standing with you. They have to do IPO, They will not cancel again, if we hold our ground and refuse any and all BS offers Severstal will be forced to Buy us out at fair value, share swap for Nord Gold Shares......THANKYOU CCHARLWOOD!!!!! although all of us have put our blood, sweat and tears into this NO ONE deserves more credit than You. HOLD THE COURSE, VICTORY IS WITHIN OUR GRASP....