TSXV:KUR.H - Post by User
Comment by
fishowlon Apr 09, 2015 1:36am
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Post# 23611865
RE:RE:proposals
RE:RE:proposalsI think the Ulicky proposal is better, since they have a plan to improve shareholder value.
from the management proxy:
If you vote FOR Robert Ulicki, Paul Tepsich and Thomas Murphy, the new UBS board will
consider the feasibility of distributing some or the majority of the ONEnergy common shares to
shareholders. Depending on how such distribution is structured, additional regulatory or corporate
approvals may be required.
If a substantial majority of the ONEnergy common shares are
distributed to shareholders, it is estimated that for every 100 UBS common shares held, you will
receive approximately 25 ONEnergy common shares. This distribution will allow you the
shareholder to:
1. Directly participate in the success of ONEnergy; and
2. Participate in the ongoing ONEnergy litigation related to the $15.7 million payments made to
select parties of which Jolian Investments received $5.6 million and DOL Technologies
received $4.0 million (see ONEnergy News Releases July 6, 2011 filed on SEDAR).
Depending on whether it is feasible to distribute the ONEnergy common shares to UBS
shareholders, the new board may also consider raising additional capital by way of private
placement to continue to pursue the $1.6 million Jolian Investments claim and fund working
capital.
I'm not clear on what the other proposed board has to offer.