POOR MINORITY SHAREHOLDERS STILL HANGING ON TO GVCHello Ponzihunter,
Your'e absolutely right when thinking back of TORSTAR, which stock i held for 6 years at a cost of $1.75 and was bought for $0.73 or so. This was a real shame for a company that had no debt and a book-value of approximately $1.75 at the time it was sold. Torstar had a major drawback that killed minority shareholders. Family Trusts were vested with an equivalent to preferred shares and agreed to sell in return of an enticing offer. Board member Honderich received $1M to agree to that inappropriate, abusive takeover. Minority shareholders didn't have the guts to fight and were left suffering a great loss of money. As for GVC, it is dead and washed since many years. No one would would make me lure that at $0.37/share this stock has any chance for a significant recovery. Again here, it is a shame to witness these gutless minority shareholders keeping dreaming for such a long period of time, hoping the Messiah will reward them. Whether a public company has money in the bank, good cashflow, working capital, etc... doesn't mean anything when it comes to a merger/takeover. The principal shareholder is the one that rules the roost. Madison Properties, its principal shareholder should be forced by minority shareholders to sell the company outright and move on to a next chapter. TVA GROUP (TVA.B) is also in the same boat as GLACIER MEDIA.