Invesque Ord Shs T.IVQ

Proposal was getting rejected so they postponed the meeting

[Capharnaum]

Invesque was unable to get the 66.6% votes required for their crappy proposed amendments on the debentures... so what do they do? Like another poster said earlier... they postpone the meeting and give more time for votes to come in. Expect calls if you have a decent number of debentures to pressure you into changing your vote.

What does this show? They are desperate to turn votes and push this bad offer to all shareholders. Otherwise, they could have offered to exchange the current debenture for new debentures (+ cash) to those interested, with the people not interested being able to get out (via shares or cash or whatever). Regardless of how many debentures you hold, if you are eligible to vote, vote AGAINST the proposal and shoot down this horrid proposal.

I have to say that their latest news release is pretty disgusting. They didn't have the votes for tomorrow or else they wouldn't have postponed, since they reached the quorum, which means that over 33.3% of the votes were AGAINST the proposal.

Yet, they have the balls to say: "We are very pleased with the response from the Debentureholders to date"... To add insult to injury, they go further with: "Given the feedback we have received from Debentureholders"... They should have figured that with over 33.3% of the votes against their proposal, the feedback can't be that good.

Anyway, I can't believe debentureholders would support those tactics and being treated like that. If you vote for, I hope this is enough to change your mind and vote AGAINST. If you have not voted, regardless how little number of debentures you hold, please vote AGAINST the proposal and show the management we deserve a better proposal. See Venator's group press release to find out how disconnected the offer is (or read my older posts as I covered the same failings).

[pennydredful]

Your  doing  an  outstanding job here Capharnaum.   Ten    Thumbs   Up !

[2young2invest]

Well 77% voted FOR improved terms. Did anyone receive calls to change their mind??? 7% interest 44.5% of debetures will be redeemed $5 convertion rate I guess, everyone should be happy now.

[Capharnaum]

It's a much better offer now... Still think the conversion price is too high. With the higher interest rate, a little better conversion rate ($4 USD) would have likely had the debenture trading to par after conversion. I still think it will trade at a discount post-conversion (which would mean the overall conditions don't meet its market value). Now, I hope they finally get their ducks

[markaswell]

No l didn't even vote.