RE: RE: RE: New share price myNEXTmillion - I am not as sure as you are the Tellier will get the boot at the next (or re-convened) AGM. The one thing that Tellier seems to handle very well is his continued survival as CEO of Yellow Media. I cannot really understand how he lasted as long as he has with his track record. I'd bet that the shareholders who were eligible to vote in the May AGM that didn't go ahead because of quorum were ready to turf him out. I am fairly sure he dodged a bullet on that matter.
If the recap goes ahead the vast majority of the new common shares will be held by investors who clearly prefer to do bank financing, hold bonds, debentures or preferred shares but not common shares. IMO it is quite likely that many of these investors will sell out fairly quickly if they can. That could put voting control in new hands.
Then when the AGM goes ahead, Tellier could proclaim himself as the saviour of Yellow Media and these new players may think like I did long ago - Not a great situation but Tellier is saying the right things and he seems to be doing the right things - maybe he should be allowed some time to get the company in order now that the recap is settled.
Alternatively, if Tellier is working strictly for the MTNs which entirely plausible since I can't see how he could suggest he is working for the current owners, it is entirely possible they will allow him to stay on as their puppet. Clearly, the MTNs will want to see their new debt honoured and they will want the warrants have some value and maybe making Tellier their puppet while one of their people is hired directly and becomes the de-facto CEO. For Tellier this give him a chance to retire with his integrity largely intact from a public perspective.