RE: RE: RE: Well done retail investors Thanks Pun, we've actually already started the ball rolling,
A formal complaint was made in regards to RBC's involvement in the process.
A complaint was directed towards Canadian banking authorites in that RBC in late December appraised the value of the corporation at over 700 million which was a little below their apparaisal from the Spring of 2011 shre offering and then in February of this year appraise it at a little over 400 million. roughly a 40% decrease in value.
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The banking authorities have sent the complaint to the Montreal office as it appears that RBC are headquartered there. Following the vote this Wednesday I'm sure if the BoD manage to rig the vote that there will be a large number of laysuits initiated against teh corporation and the Board of Directors individually and as a whole.
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I am not the one who made the complaint, I only saw the actual complaint and the reply.
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Mike