Here's My Complaint I Sent To The OSC And BCSCI think this is the only true area we can attack. I hope everyone outside the gang of thirteen will send something similar and let our voices be heard.
I just sent this to the OSC and BCSC.
-Is the recent compromise between concerned shareholders, dissidents, and the company in violation of MI 61-101?
-The company is claiming that everyone will be allowed to vote on the proposed transaction when the main benefactors (owning approx 46% of the company) has not changed within the revised deal. They appear to only be offering minority shareholders 19.45% of the CVR to then allow the CVR participants to vote on the proposed transaction as the transaction would likely be in jeopardy if they were not allowed to vote.
-Also, I question how a deal was struck with 13 shareholders to coincidentally equal 66% representing the 2/3 majority required to pass the transaction.
-My wish is that the minority shareholders are the only ones allowed to vote on this proposal as it is in the public interest to ensure that all parties are treated fairly in special transactions such as this.
Thanks for your consideration.