Post by
Nawaralsaadi on Jun 15, 2012 6:03pm
PI Financial playing a dirty role
Earlier today I wrote Alistair Toward an email regarding his research note, my email was in regards to his firm framing the discussion in a binary manner, meaning either the company will be sold, or the process stopped, without mentioning a restructuring such a Canadian divesture and a trust conversion.
To my surprise, in his response I received a heated personal attack, I will spare the board the content of the attack, but what was striking in his answer was the following line:
“by convincing investors that this process was a bad idea -which should be stopped - is not putting fear into the market. In fact, the more people believe that this process should be stopped, the less damage terminating the process would have on the share price.”
It appears that PI Financial is working actively to undermine the review process; this is possibly sanctioned by Klapko since a CC was sent to him.
This is all the proof I needed; the PI research note, the sell off in Equal shares and even the negative posts on the yahoo board are all connected. It is clear someone is trying to undermine the sale/review process.
I have informed Scotia Waterous about PI financial active efforts to disturb this review, and I will be formulating a letter to the management shortly requesting that the company sever its relationship with them; and if it is proven that Klapko was behind this or aware of PI efforts, than there will be an appropriate response.
Regards,
Nawar