GREY:HRIVF - Post by User
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December3on Nov 29, 2012 3:25pm
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Post# 20662258
RE: side deal
RE: side deal rightval - I suspect there was some side deals done to get those who tendered early-on to sign-up. But hey, we'll never know.
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Saw what appeared to be the same thing in the deal where Russian Max Finskiy' shell company WTG, took over CMM. Fired CEO was fighting it, up until the last minute, did a 180 and supported the take-over. Then there was a foot note in a subsequent quarterly report that appeared to indicate and "extra" cost of some millions related to the merger/takeover. [millions above the previously announced cost schedule.] Does not appear to be any rules in the Canadian system against paying "success fees" to those who tender to such a deal. You no likely those kinda rules - lobby yer Gov't to change them. I'm just sayin'