RE:RE:RE:RE:RE:How much money is still available?Is anyone, as beneficial shareholders, having any luck with getting their shares registered in dissent?
RBC Direct Investing has no idea what I am talking about. I did have luck with TSX Trust where they confirmed my "NO" to agree with terms.
In the circular, under Dissent Rights (page 15), there is a process to exercise Dissent Rights. There are 4 entities to which a Dissent Notice must be sent. Email addresses are provided for 2 of them. The main is to notify Dustin Isaacs, TRQ Chief Legal Officer, no email provided (a purposeful omission?). I have sent 2 emails to Investor Relations requesting the email - no response. I also called TRQ Corporate who said they will respond. Guess what? You got it - no response. So far, I have 3 of 4 entities covered. Need last to send Dissent Notice. Wish me luck.
I also sent emails to Pentwater and SailingStone expressing my disappointment in their decision to withhold votes and make a deal with RIO that is not extended to the entire minority. They will receive "fair" value, the remaining minority will not. I do not expect a response.
The sole option remaining for the minority is to dissent and follow procedure given in the circular. Or for all who voted "Yes", to change their vote and reject the offer. Wishful thinking.
Only in Canada. This two-tier arrangement would not fly in the US.