Aimia Inc T.AIM.PR.D

GobiMin

[Malpeque2]

is now sitting on a wack of cash at a greater discount than Aimia is to market or NAV.   Can we get Gobimin to buy 5-10% of Aimia and then call the special meeting and vote these people out?

Gobimin has enough cash on hand to both buy 10% of Aimia and file for the special meeting,   and do a SIB plus NCIB to buyback a large wack of their own stock.

Aimia needs to do a buyback thru a NCIB and SIB over time to get this over the $6.    Looks like NOBODY likes the investment manager which is why you get the discount in the 1st place to Cash and Securities

[nozzpack]

Aimia allocated $75 million for share buybacks and/or shareholder cash dividend . Approx $6.5 million spent so far in the NCIB. But, these are being acquired without the expected elevation of the floor price. This is because management  has the stock shorted  so that the share price cannot move upwards, benefiting the share buyback but denying share price elevation. This is illegal

[babedinkleman]

This post has been removed in accordance with Community Policy

[nozzpack]

You dont ? What shorter would be so stunned not to cover, knowing that $6 /share in cash would be added to the balance sheet, and a substantial NCIB would be instututed ? Yeah right. This stock is being knee capped by conventional daily raw shorting and wolf pack wash trading .... so that cheap common shares can be bought back, thereby increasing the value of insider shares..