Voted "No" "No" "No" "No" "No" & "No" That's right! I voted "No" on six instruments.
"No" as a holder of the Convertible Debentures.
"No" as a holder of Preferred Cs.
"No" on four issues on MT Notes.
Am also supporting the Ad-hoc committee who own the Convertibles.
Management have made some major blunders over the years - overpaying for assets that required huge debt, continuing to pay common dividends - that I just don't have any confidence in what they are now arranging. Management seems manipulative ... like politicians ... trying unsavory tactic to get us to vote their way. So I'm rebelling. I prefer the protection afforded by CCAA, when that time comes. Meanwhile I'd like some interest and possibly some dividends.