Aimia Inc T.AIM

Time to investigate corruption at Amia again!

[Commonguy]

The secret dropping of the lawsuit of Chris Mittleman may have come with the agreement that Philip Mittleman has to go. This is why I believe all information in any agreement has to be open for view so nefarious actions by the people at the helm must be known to all.

[nkbourbaki]

Yes those settlements are very murky.  Aimia had a claim against Chris and Chris had a counterclaim against Aimia.  Who had more leverage? I thought that all these related actions (Aimia v. Mithaq, Milkwood, Chris) were supposed to be tried before Ontario Superior Court of Justice from Jan 8-11.  The cases with Milkwood & Chris were settled, but I've seen no mention of

[nedstar71]

I have a funny feeling there may be a news release after the close tonight.

[nkbourbaki]

Was thinking the same.   I guess we'll know shortly.   And it's always good news on Fridays after close, right? :)

[nedstar71]

Of course!  I was just thinking they may have wanted to give it a day between the "you're fired!" NR and the "Oh by the way" NR.  That way nobody would ever be able to connect the two ;-)

[Flynner67]

Has to be something soon . The time is running out on Offer. What are we thinking here ?

[AIMIATURD69]

mithaq comes back with $6.00 offer and we all gtfo and live happily ever after.

[Flynner67]

What's going on? Little crazy 

[nkbourbaki]

I assume that sellers either (a) are concerned about the news vacuum or (b) bought in the $2.75-$3.00 range with the intention of tendering, and are now exiting because it looks like the bid won't succeed. We've seen very little volume over the past week.

[Flynner67]

So if the bid does not succeed ? Does this stay at these numbers ? Little sketchy but anxious to find out 

[nedstar71]

The bid can't succeed at $3.66.  It's just too low, but I doubt Mithaq would be willing to pay up what it would actually take to make a successful bid, especially given what a mess the company is in.  That being said I would assume that converstations going on between parties are likely more 'meaningful' now that Mittleman is out of the picture.

[luscar99]

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