Allen-Vanguard Rescue Board Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Allen-Vanguard Rescue Board

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

From: Cinsco	9/18/2009 12:30:23 PM
	1 Recommendation of 724

Here is a copy of email I sent to Democracy Watch please do the same we need to get their attention. To: dwatch@web.net I recently found your site, sounds like you would be interested in this story. An Ottawa corporation Allen Vanguard has recently attempted to sell the corporation to an American investment firm. The problem is that they did so by negotiating behind closed door in silence exclusively without announcing proper material changes. When you look back over the last 6 months they were obviously writing down assets setting this transaction up and now claim they don't have to follow proper securities or Corporate Governance and allow shareholders to vote on the deal. They claim the deal doesn't cover the liabilities therefore they have cancelled the shares without any compensation. As many small investors have invested relying on proper Corporate Governance and press releases claiming the business was a going concern announcing sales and making optimistic statements. They even went as far when a deal fell apart with another investor to put in a press release that they entered into exclusive negotiations for a three week period of DD and shareholder approval would be sought. Well 6 months later they make a press release on a Saturday 12Sep09 that the deal is done and shares are cancelled. This company has benefited so I am told from large sums of Canadian tax payer money to develop its products and now has given those developments to an American controlled company for a value in my opinion well below its true value at least not tested in an open market. This deal was also endorsed and possibly conceived with RBC who was the major debt holder. In my opinion this deal is an attack on our democracy and is possibly fraudulent. On a side note many small average "joes" were discussing ways to fight back on a message board on Stockhouse and the board was shut down according to Stockhouse because Allen Vanguard threatened legal action against them. Also, from what people formally on the board now on Silicon Investor site under Allen Vanguard Rescue message board claim the company has called them at their homes and threatened them with legal action. I have never in my life experience anything like this where a company is questioned for a deal and they breach the fundamental right under the Constitution of free speech in an attempt to silence shareholders. Please help us Canada and our democracy as we know it is falling apart. Please join our discussion at Silicon Investor message board Allen Vanguard Rescue. Thank you for any assistance you can provide.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next