Sherritt International Corp T.S

Fear Not Of Clearwater

[Contrarian333]

The reason that the bondholders power was limited in the reorganization was because of the Cuban veto.  The same veto would make it difficult for any shareholder group to make a successful hostile bid  for the Company.

Rather, I believe the Clearwater investment is based on the very thing that has been their bread and butter for years - namely the purchase of cheap stocks in the midst of a turnaround.

[YourFriendo]

It's not a Veto.

[SilenceDogood1]

Oh what, so now you're a lawyer.  It is a significant obstacle to anyone attempting a hostile takeover - in essence a veto right. Read on......... The Shareholders Agreement prohibits the transfer of shares of any JV Corporation, subject to limited specific exceptions. It also provides that each party will afford Moa Nickel reasonable opportunity to participate in existing and future

[VerificateASAP]

This post has been removed in accordance with Community Policy

[CommonCents123]

Don't forget guys, it's a Communist country, they do what they want these dictators. Call it what you want veto or not.

[Maxmoe]

Unlike Canada which blocks any takeover "contrary to the national interest". Ditto for EU , Australia, and other "not communist" countries. 

[YourFriendo]

It seems in this case you are acting as the lawyer. Anyone with any basic legal experience would realize that's not a veto.

[VerificateASAP]

This post has been removed in accordance with Community Policy

[CommonCents123]

Dear Sophisticated Investor,                                             Mr VerificateASAP can you please explain to Sherritts followers why Sherritt stock is so depressed and thinly traded given that: 1) nickel prices have been so high, 2) there is an apparent shortage of nickel in the