RE:RE:RE:Activist puts pressure on SupremexGuess it won't be long before SXP goes the same way as Brampton Brick after Christopolous got involved. Hoping to see action soon re: Say on Pay and sale of manufacturing facilities. It's trading below book, and book is already understated wrt real estate valuations.
https://www.newswire.ca/news-releases/brampton-brick-limited-concerned-shareholder-voting-intentions-june-30-2020-agm-861736049.html
TORONTO, June 23, 2020 /CNW/ - Concerned Shareholder of Brampton Brick Limited, George Christopoulos, proxy holder, with control of 211,800 Class A shares (200,000 record date), to vote in person:
- "WITHHOLD" on all nominated directors, except Adam Peterson
- "FOR" each Shareholder Proposal:
1. Elimination of dual class shares
2. Say on pay
3. Sale of corporation via open, fair auction process
Why? Based on facts and results, Brampton Brick is poorly managed and suffers from poor corporate governance: