Spyglass Resources Corp SGLRF

R they actually voted out?

[Azzenmcelbow]

In times past, in similar circumstances, a committee ascertains that although votes were withheld,  the member provides exceptional value to the board because of their blah blah blah and pootie poot poot.

 I don't have a dog in this fight, any opinion one way or the other about the board and senior staff. I just don't. 

I will say that common shareholders can be put at risk in these battles for changes in the Board of Directors. Usually new directors are brought in as tools of the largest shareholders, who don't always share the interests of small holders.

[quesea]

Is the Largest shareholder the CPP ??

[Jimmy2014]

According to CPP's website (updated March 31, 2015) they have no holdings of Spyglass per following table.   With regards to Tom finding another job it seems in the stock market that the more incompetent you are the easier it is to find another position,

[pw1222]

CPP may actually still hold some/all of their SGL position.  On their holdings page, in the disclosure section, they specifcally note that the list only includes positions "with positive net market values greater than $1 million". If they still held any or all of their 815,000 units from March 2014, then the value would be well below the noted threshold.

[Jimmy2014]

I missed that, good thing you pointed it out.