fairnessThis is going ot be a tough one, as the shareholders of BAM are the shareholders of BPY who are the shareholders of BOX. It's possible that the bulk of the shareholders still remaining are short term
arbitragers who only want to make a few pennies and haven't been in it for the long haul. PBY wants to steal the firm and probably then sell 50% to the Sultan of Brunai for $900 ft, but that's the way they have always done business.
There is no practical reason the shares should be sold for less than $34.50, and we need 33% of shareholders such as RBC and BMO to want a fair price. the problem might be that they awant futire business, so wink wink we're screwed.
Canada has no rights for minorit shareholders, so people should not buy shares unless fully floating, but then, that's not Canada.
Tuesday is the conference call, maybe someone will ask them why we are the enemy and not their bosses.
Consolidating into BPY is a good thing, but stealing it and ripping off the loyal shareholders who have grown with them is pretty sad. BAM has $350 billion in assets and they need to rip their small shareholders to beat us for $50 million so they can smile.
we have only a couple of weeks to argue, and maybe its already too late and they have arranged everything in advance, but call your local paper and write the financial post and globe and mail, with a little luck and a miracle, we'll be treated honourably and walk away knowing we were no tripped off by our own Company