GREY:CLLZF - Post by User
Comment by
strzelinon Jun 19, 2012 11:27pm
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Post# 20032791
RE: RE: News
RE: RE: News You are right. Why would anybody pay $5 for Connacher share at conversion if the share is available at 47 cents on the open market. Only my good but mentally disable friend rebel would come up with such a silly idea.
The money for 4.75% $100 million debenture redemption will mainly come from 6.5% line of credit which will make banks very happy and will leave Connacher total debt status quo at around $1 billion.
Very interesting Proxy document (Management Information) prepared for the Annual Shareholders Meeting. In the 56 pages document ~50 pages are dedicated to the Board and Executive compensation.
After conducting a self evaluation and effectiveness the Board awarded them self about $160,000 each which is about $6500 per meeting they attended. Average executive compensation was about $600,000. Not a bad reward for creating the shareholders value. Way to go boys and girls.