RE:VotingI had vote no with 5 300 000 shares.
My concern, is the TEI management, at any time with a NO vote they can deliver all the TEI assets including the tax pool to I3e for a generous bonus exactly as Eagle Energy has done:
In accordance with the Reorganization, the articles of the Corporation were amended to provide that all the previously outstanding common shares of the Corporation were re-designated as a new class of redeemable common shares. All such shares were redeemed for nil consideration and shares of a new class of common shares were issued to EEI Holdco, LLC ("EEI"), a wholly owned indirect subsidiary of certain funds and accounts managed by White Oak Global Advisors LLC ("White Oak"), a U.S. SEC-registered investment advisor, which funds and accounts were the Corporation's primary lender and secured creditor, for settlement of a portion of White Oak's secured creditor claim against Eagle. In addition, all incentive awards of the Corporation were cancelled without payment or other consideration. As a result of the Reorganization, EEI has become the sole shareholder of the Corporation. As all of Eagle's shares are now owned by a single shareholder, Eagle plans to apply to the Canadian securities regulators for an order to cease to be a reporting issuer in each of the provinces of Canada.