OTCPK:PALDF - Post by User
Post by
dbinvestoron Jun 19, 2015 12:19pm
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Post# 23849007
Best Deal for who ???
Best Deal for who ???Gee thanks guys I know you're looking out for the shareholder's interests.... "The Recapitalization has been unanimously approved by the Board of Directors of the Company. In doing so, the Board of Directors determined that the Recapitalization is in the best interests of the Company."
Sure yeah. Have'nt the interests you thought needed to be pursued resulted in the situtation we have now .... would some of these interests include keeping you in management ?
"Proceeding with the Recapitalization gives the Company the financial security and certainty needed to pursue its longer-term growth objectives at LDI," said Phil du Toit, President and CEO.
Its not a done deal by any means. Be sure to vote by proxy if needed.
The implementation of the Recapitalization is subject to the approval of at least two-thirds of the votes cast at the debentureholders' meeting by debentureholders present in person or by proxy and by at least two-thirds of the votes cast at the shareholders' meeting by shareholders present in person or by proxy.