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Gold/Mining/Energy : St. Jude Resources......V.SJD
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To: russwinter who wrote (2816)2/8/2000 5:38:00 PM
From: Sean Beingessner  Read Replies (2) of 3065
 
I am curious to know if any of you attended the St. Jude annual general meeting at the Hotel Georgia in Vancouver, Friday, July 24, 1998, at 10:30 A.M. I glanced at the posts around that time and did not see any comments. This is the meeting that okayed your poison pill.

I am sure that Mr. Terrell voted his million shares for the poison pill, I cannot think of any reason anyone else would. I wonder if this is one of those meetings where the three directors show up with the people from whichever Trust Company and almost no one else. The meeting starts at 10:30 and ends at 10:35.

Some of you have complained that St. Jude does not trade at the value of its cash. However, it is not normal cash, it is cash locked behind a great poisonous lock that only Mr. Terrell has the key to. So this cash is worth a lot less then face value.

I have never posted anything to this thread, but I have posted to the Greystar thread. There I am in disagreement with the management as I would like to see Greystar bought out by another company. This would make money for all the shareholders except Kinross and would cost management their jobs. So I am interested in the subject of shareholder revolts.

So do you know of anyone other than Mr. Terrell and the two buddies he has on the board that voted for the poison pill? It is possible that I am reading this the wrong way, if so and there is a reason for the poison pill other than Mr. Terrell's future employment I would enjoy having it explained to me.

I think the days of management walking all over the shareholders are ending. Just not ending fast enough.

Sean
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