RE:BTSHOOTERS AnalysisHi Walfie, I am greatfull for some one that is a shareholder of CAA and not a shareholder of ALS to request more information as I had given up on the total group.
First off shareholders of CAA are getting solicited for their vote by phone. Who is doing this, paying for the cost from who's pocket.
Secondly if you have not yet received this call when you do ask why there is no independent opinion on this transaction?
My bet is the 28% of shareholders that are supporting this transaction, also own signifficant positions in ALS. Some names that come to mind , Roland Butler, John Toggnetti, Carlo Caveli, Mike Muzalowski and maybe Doug Corrigan. HUGE CONFLICT OF INTEREST TO ALL OTHER SHAREHOLDERS. The last AGM of CAA i Attended was dominated by John Toggnetti, who pulled leagal wranglings to elect his hand picked board, all board members elected own NO SHARES of CAA, at that time. The vote at that meeting was 20 million opposed to 10.5 in favor of J T 's Board.
Durring the melt down in Sept 2008 till March 2009 more than 9 milliom shares were sold and purchased by others, that sell off took CAA from $3.40 all the way to $0.38, very strange as up till that point CAA was tightly held, supposedly. My question, who were the sellers & buyers?
When Caa traded at $0.45 I called MM and asked him to start buying the stock with a normal course issuer bid, with the funds in the company, he diden't do that until months later when the stock traded back to $1.25. Why I always wondered. It's become crystal clear to me now. That time period was factured into the ultimate take out of CAA. By not diong the buy back Mike allowed the sellers to buy back a larger position than that they sold.
There is alot more to be told but if no one wants to know, I won't waste my time here as i have no interest, i took the exit door, don't like dealing with the scumm associated with this transaction.
If you want more your going to have to ask, good luck, bt.