OTCPK:VGIPF - Post by User
Post by
InvestorSuperfanon Jun 27, 2013 6:03pm
93 Views
Post# 21577762
Absence of Annual General Meeting Is Curious
Absence of Annual General Meeting Is CuriousLast year, RPL held their Annual General Meeting on June 27, 2012. Here we are exactly one year later, and I have not heard a word about the AGM, when it will be held, etc. (anyone out there know....?). RPL released their Q2 results on August 13 least year, so that's about seven weeks away. Consequently, shareholders remain in the dark re. what's going on with the company. Now, a big asset sale or merger/takeout proposal may be close at hand and RPL may wish to keep a lid on negotiations until they are finalized, thus the delay in the AGM and absence of news releases. Let's hope they are negotiating a deal that maximizes shareholder value - either an attractive merger/takeover proposal or the sale of the Viking assets at a price close to fair market value which can be used to pay down debt.