Re: If the bid Fails,
in response to
by
posted on
Sep 03, 2008 07:28PM
The company whose shareholders were better than its management
I was working on that little 10% problem too. I've seen 165,135,146 Fully diluted here. SH is showing 135,450,000.
The o/s must be shown on this Site too but I couldn't find it. Pls direct me and too, which nbr is correct. The 135 o/s would have been increased by 15MM issued to K, bringing it to 150MM what else? The BOD Options - how many shs will be issued in that allotment? How do we get to 165,135,146. Maybe "the boys" have other o/s options that haven't been exercised?
You said: Continue to hold. This deposit is worth well over $20 per share and just because our BOD was unable to get it for the majority of the shareholders does not mean that we can not get it on our own by staying the course.
Sounds good but what's to prevent Patsy Anderson et al from selling us out again - maybe K will pretty up their Warrant to an exercise price of 31.50 or increased the conversion of ARU to K a snick or whatever, "the boys" thinks it's great, get another couple "Fairness Opinions" issue K another block of stock, additional personal options hence watering down our meager participation by even more.
It appears, they can do whatever they want to do. How are we going to stop them?
If we make it to the end of the week with our shs in tow, our first job is to get the undesirables out of Office. How do we do that and is it possible to do prior to the next Annual Mtg in 2009.
Something I'm wondering about, In reading today I came across a company that had issued Options to their BOD and announced it in a Press Release. Did we ever see a Press Release on the Options our BOD has issued themselves, at the time they were issued, or did we discover that in the Offering Circular? I don't recall seeing a Press Release. Maybe it isn't compulsary to tell the shareholders. LOL
I'm feeling a snick encouraged that K hasn't come out with an announcement this evening although I'm looking for anything to get encouraged. . I'm thinking If it was a "shoe in" they would have made an Announcement. Maybe they're holding out to make a big Splash at the Convention tomorrow. Maybe they've found it necessary to count every Dealers tender.
Hope we hear by 9:30am E tomorrow. Between this fiasco and the markets, we've sure had more than our share of pressure.
BTW I can Fedex some rotten tomatoes and raw eggs if you Toronto ARU shareholders need some to attend the Meeting.
Wouldn't that make a Statement if Patsy got pelted with rotten tomatoes and raw eggs. LOL It will help if we keep that image in mind until tomorrow.