RE:RE:RE:Going private
"I hope the poor retail common share holder is not forgotten in all this"
I hope the poor retail common share holder is not forgotten in all this
Read more at https://www.stockhouse.com/companies/bullboard/t.dom.un/dominion-citrus-incomI hope the poor retail common share holder is not forgotten in all this!" <--- The only common shareholder is DOM.UN, the income trust.
Dominion Limited has on its balance sheet two entries of interest:
1) A liability, debt owing to the income trust
2) Equity, common shares, 100% issued to the income trust.
Squeezed between these two entries are the preferred shares issued by Dominion Limited.
My thoughts and I've no qualifications or letters behind my name so take it with a huge grain a salt.... The Dominion Limited Common Equity is worth zero. The Preferred is worth zero. All assets of Dominion Limited are offset by the value of the outstanding debt owed to the income trust.
So, if my perspective holds any water, then the income trust ownes 100% of Dominion Limited through the debt obligation. If they cause this wind down of Dominion Limited to takes place, I see them also attempting to reslove the ~~Income Trust~~ aspect as well. It would be nice to wake up one morning and read a NR saying that all Income Trust Unit holders have been issued Common Shares in place, simmilar to what happened when they converted to the Income Trust structure years ago.
I received the financials in the mail yesterday. With luck I'll be going to the AGM this year. Hope to see some of you posters at the meeting. With luck, the AGM will explain a lot of what has happened and what they are attempting to cause happen.