RE:Change Focus for New Letters to AMFTrappers, I am not so sure. Yes, by all means if you can show wrong doing in the areas Trappers suggests, by all means document that to the best of your ability as per Trappers. But I would not lose the focus about the hardship application and how it was brought about by the influence SALP had over the board by vitue of keeping therir jobs, perks and huge bonuses that influenced them to depart from their ficuciary duty to us and the best interest of the shareholders, thus in breech of this basic duty and not to self serve to keep their jobs and perks nor to serve SALP fearing their pervasive influence. They must have seen this coming for many months before it happened but did NOTHING to prevent it such as accessing the several sources of funds they had available or by giving Lazard instructions that included sale of ALL OR PART of the entire company which would have been far better than the restructure they buried us with, or in the worst case file under the CCA for reorg onder the protection of a judge - even this would have been far better for the shareholders than the results theysent as a gift to SALP TAKEN (STOLEN) from the shareholders.
The mere fact that such a regulation as the "hardship application" even EXISTS testifies to the total lack of protection for the shareholders on the Canadian and Quebec security markets. By merely influencing a handful of key people (easy with the wealth of a Thomson behind you) you can take away people's linvestment and life savings without any recourse to TRANSPARENT review, to which the TSX has turned a blind eye, and to which I fear that the AMF will do the same after going through some motions but without the courage to overturn this TRAVESTY of JUSTICE. This very highly cisible case should have had large media coverage but the fear of suit from the Thomsons has kept the media kargekt silent and not calling them out on this total injustice.
I am sure that 99% of the shareholders and the public never had the least idea that such a terrible regulation even existed. One that could take away your investment, and give it to another without even a shareholder vote! But the Thomsons knew, their many lawyers knew about it, and they planned to usse this little know regulation, certainly not intended for this purpose or such a case with great underlying comapny value. They schemed this over an extended period of extending loans with the clear intent to stop doing so just at the critical time for them to exercise the hardship application to take the entire prize for themselves. Whoever passed that law should be ashamed of temselves, And whoever (read TSX and AMF) allows it to be used in such an inappropriate way to steal a corporation from its shareholders by essentially influencing a few key parties to do their bidding, and then closing a blind regulatory eye to the injustice caused the many retail shareholders, has no place collecting a salary from the public purse.