Hi, again, Deussen,
Glad you wrote back.
A couple of points to clear up.
We all agree--Bresea and Sasamat have NOTHING in common currently. That is NOT why the original thread post was written. We here in the states have always ALWAYS been step-children in the Great BreX/BroX/BreSea story.
FOR EXAMPLE: If my fading memory serves me correctly, My BreSea shares were a tax free dividend distribution "way back when" based upon my investment in either BroX or BreX...I'd have to check my tax records to figure out which one. So, investing in Sasamat as Sasamat was never an "option" heretofore. Hope that helps clear up how I got involved in the Sasamat story currently unfolding.
As too often happens when corporate raiders sieze opportunities to claim cash bank balances after the dust settles, the original US shareholders find themselves:
1)
Looking at month end brokerage statements and scratching their heads about "what the heck is SSALF?"
2)
Eventually looking for info re: SSALF + what they are up to as an equity going forward
3)
Left to either grab what dab of money the shares are trading at currently and running for the nearest exit, ORRRRR
4)
Letting the money ride in a "I'll figure this out later..." mental response.
5)
Looking on the internet for some clue, either @ yahoo finance, a google search, a newsgroup search, or hopefully SI search, which is how our paths gratefully intersected yours!
All too often, not only are US "investors" disenfranchised deliberately by Canadian "shell company" corporate treasury raiders who just hope we US shareholders all "go away into the night without a whimper," the change in symbol and story are NEVER documented so that those who took physical certificates' delivery of BreSea shares now collecting dust in family safety deposit boxes or IRAs-- never find out about the transition, nor are able to ever again assess the value or lack thereof in the current "story" in this day and age of $7 internet stock trades, where a researching full service broker is a dinosaur.
Sasamat may be a good story on the come, but you'd never know it by management's communication efforts with their largest block of shareholders residing outside their sacred Canadian
domicile.
Sasamat may be a good story on the come, but you'd never know it by the ticked off CANADIAN SHAREHOLDER of the former BreSea certs who lurk on this thread, promising to communicate and fight management at every turn in some misplaced anger at the way things ended for their BreX dreams, etc.
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Now, we have the delightful opportunity of visiting with someone who resides in Germany, the current geographic focus of SSALF mgmt, particularly in the cement company so we've gathered from the last corporate filing prior to a special shareholder's meeting convened in recent months...a German cement company who purportedly feedstocks their product pipeline directly to China, again...so we read. Heck we we know how to find out if that is true or not. It's not like Sasamat Sr Management busts their back trying to communicate with shareholders!!!!!!!
Other than mgmt's "close to the vest game plan" now unfolding, US investors now holding SSALF shares and wondering what the heck is going on--we have a glimmer of hope of learning from a "German Local" about the prospects for this cement goal as it were.
I don't think you mentioned the word, cement, in your initial nor subsequent post. Are SSALF current shareholders again misinformed, and SSALF mgmt has taken off on another scheme or tangent??
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You speak to "undervalued," but provide no context for your assessment which prompts you to make that statement. Might we look forward to more about your reasons for considering this to be undervalued BESIDES your hope that Mr. Smith will buy all outstanding US sharesholder's SSALF shares?
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Additionally,
you bring to the fore something about which we US BreSea/now SSALF shareholders are woefully ignorant about, and that has been mentioned twice by you now: Germany's "minority shareholder" laws.
What's that all about? Could you clarify by spending some time with that point you've now made twice?
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In conclusion, you've now asked for assistance in understanding Canadian law about some matter.
I am more than willing to open my little black book and seek the answers from some current CEOs of Canadian listed stocks who are on my private contacts' list in order to address your request. However, at this point, I'm not sure what I would be
asking them in your behalf, in my sincere response to honor your posting, and your clarifications, and appearance on this thread.
So, if you could be more specific, I'll promptly set about getting a response to your request for some specific piece of "Canadian securities law" in exhange --I hope--for your providing more details re:
A--German Cement and SSALF,
B--German minority shareholder laws to which you've referred 2x
C--Why you believe SSALF is "clearly undervalued"
Deal?
Thanks for your time and effort here. It is truly appreciated. I look forward to your response. And I'm grateful you speak such fluent English. I'm afraid my college German has deserted me in the last 40 years.(grin)
G_T |
