GREY:FBKZF - Post by User
Post by
p.yuon Apr 16, 2012 9:28pm
404 Views
Post# 19801131
ABH - Steelhead Globe and Mail
ABH - Steelhead Globe and Mail Now that ABH has 46.8% of Fibrek they will no doubt be working / colluding with Steelhead to take control of the board. It appears as though the BDR will let this drag on until ABH get control and force everyone out a $1. The BDR has had more than 2 weeks to rule on this abuse and they remain silent, prefering to wait until ABH gets its way.
Good thing our fearless OSC stepped up to pass the buck over to the BDR. They have failed to protect Ontario shareholders and they continue to play second fiddle to the BDR.
Finally, the Globe and Mail wakes up and starts to cover the story. Here is a good article on how the boards mandate is now contrary to Securities Legislation.
https://www.theglobeandmail.com/report-on-business/top-court-asked-to-rule-on-fibrek-takeover/article2404229/