Fibrek Inc FBKZF

RE: RE: RE: RE: ABH - Steelhead Globe and Mail

[Rocks123]

What they are saying is now that ABH has 46.8%, they know they will want to replace the board of Fibrek and they will do this with the help of Steelhead who have 5%. With 51% of the vote, they can elect a slate of directors who will in turn fire the Fibrek management who fought them. They told them to bring it up at the AGM, not anytime sooner.

 

If the courts and the BDR do not intervene, ABH working in concert with Fairfax, Pabrai, Oakmont and now Steelhead will have taken over Fibrek and shown others how to takeover companies working in concert. The BDR is dragging this out as they have no clue how to deal with this situation.