Husky Energy Inc. cumulative redeemable preferred T.HSE.PR.B

RE:RE:Investor Complaint to OSC regarding asset sale to LKS!

[firstworld]

Just buy shares in his companies on HK an CN exchanges. He can roll right over Canadians just like everyone else in the world LOL. Sure there will be crying and complaining per the usual, some empty tough talk from comical politicians, but nothing you can do about it except join a true global champion haha.

Scottie99 wrote: It has been pin-drop silence on the BB and looks like reality is beginning to sink in for the doubting thomases that this dog is going down unless investors and minority shareholders keep LKS in his announced well-deserved retirement.

To do that, thanks to those that have sent their investor complaint to OSC as suggested below. For those still sitting on the fence, the change that you want rest with you. Send your complaint ASAP and let us have the 65% of the mid-stream assets that was illegally stripped from Husky and stolen by LKS returned. That should keep LKS in his announced retirement and reduce his iron grip on Husky and its Board as currently constituted.

Let us keep it going and it should strengthen the hand of minority shareholders in the affairs of Husky in no time.

Scottie99 wrote: Due to request for how to file investor complaint with the OSC, figured I post on the BB the content of my complaint to the OSC for those interested in sending similar complaint. You can modify to suit your peculiar status and it should only take a minute or two to send by e-mail.
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Subject: Regulatory Approval & Ontario Securities Act MI 61-101

To: [e-mail]


Hello:

The discussion below is trending on Stockhouse and raises a lot of questions in respect of the regulatory approval for sale of Husky mid-stream assets to the company's majority shareholder without minority approval as mandated by MI 61-101.

Can the OSC look into the matter and determine if this transaction is illegal considering the significant loss of value for Husky minority shareholders since 2015 when lots of events occurred within the company and they have refused to respond to investors questions on what is going on? Or is the OSC going to allow the breach of the Ontario Securities Act to continue in view of the significant loss suffered by HSE investors as a result?

Thanks.


RE:'subject to regulatory approval'

Part 5.6 of MI 61-101 of Ontario Securities Act requires minority approval for the sale of 65% of the mid-stream assets to LKS as the majority shareholder. The exemption in Part 5.7 does not apply to him or his private company.

https://www.osc.gov.on.ca/documents/en/Securities-Category6/rule_20080201_61-101_protect-minority.pdf

Minority shareholders did not vote for the transaction and so the assets transferred to LKS was illegally stripped in contravention of Ontario Securities Act because HSE is traded on TSX, which falls under their jurisdiction.

So which regulatory approval did they receive and which agency granted the approval without the company including the minority approval? Since HSE is under ASC as their principal regulator, did they approve the transaction? Because MI 61-101 was adopted by ASC AFTER the deal was done.

https://albertasecurities.ca/News-and-Publications/News-Releases/2018/10/Securities-Regulators-Adopt-Multilateral-Instrument-61-101-Protection-of-Minority-Security-Holders-i

Based on the above, the question is who allowed this asset stripping that the Board used in compensating LKS to the detriment of the minority shareholders and why, without ensuring the minority approval as required by MI 61-101 is included. Who is going to be held responsible for the $crewing of minority shareholders and would OSC allow the breach of its securities laws by LKS?


spacegimp wrote: really not hard to grasp this was approved

Husky to sell midstream assets in Lloydminster region for $1.7 billion https://www.ogj.com/pipelines-transportation/article/17251171/husky-to-sell-midstream-assets-in-lloydminster-region-for-17-billion>

https://www.ogj.com/pipelines-transportation/article/17251171/husky-to-sell-midstream-assets-in-lloydminster-region-for-17-billion>

Husky to sell midstream assets in Lloydminster region for $1.7 billion


Husky Energy Inc., Calgary, is to sell a 65% interest in certain midstream assets in the Lloydminster region of ...