Well done retail investors Anglo tried to pull a fast one on ordinary FIU investors by taking out the assets of the company for a very low price. The sad thing was that the management & the BOD were party to it & did not defend the interest of other shareholders.
If few large shareholders & other retail shareholders had not organised themselves Anglo & the management would have achieved their objective. I can understand that Anglo trying it best to pay the lowest price for the assets but cannot understand the behaviour of the management & board.
Some the retail investors did the right thing taking the stand & becoming active to protect their interest. GREAT JOB. WELL DONE. It make me very happy to see that an ordinary retail investors can organize themselves & become active & protect his/her interest.
If you have the time & energy make sure that the management & the board members are black listed in Canada from holding a position on Canadian listed company. If they get some position in the future make sure that the shareholders know about their past history.