Post by
modulex on Nov 01, 2022 1:13pm
TVA MINORITY SHAREHOLDERS ARE SLEEPING USELESSLY
Hello Ratsnake220,
Being a TVA.B shareholder since year 2000, buying and selling back and forth, your posting as to how come there is so little trading volume and therefore an illiquid stock in TVA Group? The answer is very simple. Quebecor Inc. through Quebecor Media owns almost 65% of TVA.B shares since February 2015, already 7 years. Quebecor Media last paid $5.66 for its TVA.B share. So obviously, the remaining 35% of TVA.B shares held by minority shareholders cannot have any input in keeping the share price on an upward trend and therefore explaining why it is an illiquid stock. It must be outright understood from minority shareholders that they will never receive more than $5.66/share in the event of a "privatization" for the simple logic that WHY WOULD QUEBECOR MEDIA offer a higher price than its own investment/purchasing price at $5.66 back in 2015 to take up approximately 14M TVA.B shares? I have said and posted many times on STOCKHOUSE that holding TVA stock is a pure waste of time. You have dreamers (new shareholders who joined in the last 2-3 years) who look at TVA's stock in terms of a growth stock, which is absolutely not the case. TVA Group will either become privatized by pressure exercized by minority shareholders, pushing for that outcome, very most likely by taking this matter to Court or it will be bought out in the event that Quebecor Inc. becomes a takeover. If only 1 minority shareholder was consciencious and 1) e-mail sophie.riendeau@quebecor.com (Mrs. Riendeau is TVA GROUP corporate secretary, 612, rue St-Jacques
18e tage, Montral, Qubec, H3C 4M8) asking to receive a list of TVA GROUP shareholders, Mrs. Riendeau is obligated to transmit such a List of Shareholders upon request from a company shareholder. That step could lead Mrs. Riendeau to ask for what purpose do you need such List of Shareholders? The answer from the asking shareholder could simply be : for consulting purposes. 2) Upon receiving the List of Shareholders, the said minority shareholder would e-mail again Mrs. Riendeau asking to meet or hold a conference call with Mr. Pierre-Karl Pladeau. If a meeting or a conference call is refused, then that (1) minority shareholder would attempt contacting other minority shareholders from the List of Shareholders to start pressuring for a "privatization". The Board of directors of TVA GROUP have no power to recommend TVA's privatization. They have always made known that such decision rest in the hands of Quebecor Inc. The only man that can agree or refuse TVA's privatization is Mr. Pladeau. It is unacceptable in a public company to have only 1 person holding such power. It is abusive, as would say the Courts.
Comment by
ratsnake220 on Nov 03, 2022 12:39pm
speaking like a legal authority