TSX:RCG.PR.B - Post by User
Post by
RetailRubeon Mar 23, 2021 10:22am
353 Views
Post# 32857520
Amendment to my post
Amendment to my postThe word I was searching for when I wrote my most recent post was "Dissident Shareholders", not "Minority Shareholders". I should have said I was attacked by (I suspect) someone from a public relations firm about a day before the Company issued a news release explaining the delay in the meeting for shareholders to approve the reorganization. This was the beginning of their vigorous defense of their proposed deal in the face of news releases by dissident shareholders. Based on the timeline eventually disclosed in the dissidents' proxy circular, I learned that discussions with key minority shareholders were going on behind the scenes at the time the approval meeting got delayed. And yes, there was a COVID-19 lockdown. Lawyers were working from home. Who knows what really caused what.
I am a big fan of full and prompt disclosure. Based on my experience with investing in biotech companies, I know I don't always get that. But I am sure what is done is in compliance with the National Policy 51-201 "Disclosure Standards".
I am also a big fan of TMX Policy 3.1 (secion 9.3) which says what Senior Officers and Directors can and cannot do on a "World Wide Web chat group". I hate trolls who do contract work because this seems like skirting Policy 3.1. The independent trolls ... well, everyone is entitled to their opinion. I am the first to admit that I am not always correct.