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Reko International Group Inc V.REKO

Alternate Symbol(s):  RKIGF

Reko International Group Inc. is a Canada-based diversified, technology-driven manufacturing company. It designs and manufactures a variety of engineered products and services for original equipment manufacturers and their tier suppliers. These products include design and construction of specialty machines and lean cell factory automation solutions and robotics integration and high precision, custom machining of critical components and assemblies. It has diversified beyond automotive and into a number of sectors, including aerospace, rail, power generation, offsite construction, infrastructure and capital equipment. For the transportation and power generation industries, it machines customer supplied metal castings to customer indicated specifications. For the automotive industry, it conceptualizes, designs and builds solutions to manufacturing challenges, including specialty machines for plastic punch and weld assembly equipment, material handling applications and work cell solutions.


TSXV:REKO - Post by User

Post by billyboy57on May 29, 2013 3:31am
274 Views
Post# 21454218

Time for REK to go Private?

Time for REK to go Private?

I have owned REK on and off for about 15 years.The company has had a remarkable turnaround in the past year, yet like so many small caps the market does not reward anything close to what the true value is. I feel certain that managment must have had thoughts about taking REK private. There is such a small float of public shares compared to the majority owned by the Reko family, it doesn't make sense for this comp. to continue as a public corporation with all its legal costs etc. while the book value is about $4.20 per share, perhaps some shareholders, like myself would be very pleased to accept $3.50 per share as a buyout. As most recent transactions in the last two years have been anywhere from .40 cents to $1.70, the stock now sits in the hands of profitable share holders which would make an offer of less than book value viable for both sides. I believe that Diane Reko should consider this proposition and hopefully act upon it. I welcome any thoughts from other shareholders on this matter.

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