GREY:HRIVF - Post by User
Comment by
ccharlwoodon Sep 26, 2011 9:45pm
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Post# 19086602
RE: Chris, any response letter to HRG mgmt
RE: Chris, any response letter to HRG mgmt
Hi Goldeyes,
No I have not heard back from the HRG Board of Directors regarding the complaint letter. Based on history, I was not expecting to. They have been very unresponsive in the past. Having said that, I believe past letters and complaints from myself and other shareholders have resulted in them altering course. I am hopeful that there is enough pressure from independent HRG Board members along with the two regulators that Severstal/Nord discontinues its borrowing practices from HRG. We will know once the Q3 results are out mid-November. Also, I expect letting them know of our majority of minority share counts has helped dissuade them from any thoughts of a low ball offer.