Allen-Vanguard Rescue Board Message Board

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Technology Stocks : Allen-Vanguard Rescue Board

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To: knuckls who wrote (306)	9/26/2009 7:17:19 AM
From: beaverfever	2 Recommendations Read Replies (2) of 724

knuckls not sure what you mean when you wrote : I doubt EDC was really involved in negotiating any part of this deal, Is that assumption based on all the EDC deal information in the heavily redacted Schedule A ? So heavily redacted it is blank !!! You really don't see a problem with the former Exec VP and CFO of EDC (a Crown Corporation), obtaining an EDC loan for his company (NOT the company's exports) to be purchased by a foreign buyer ? One of the issues that annoys me the most is that Peter Allen could not (or would not) obtain EDC financing just a few months ago, when Allen-Vanguard was "forced" to accept RBC's onerous terms. What is more annoying is the fact that soon after the onerous terms were "forced" on Allen-Vanguard, Peter Allen began a systematic Asset write down of %80 value of Allen-Vanguard's assets. More frustrating is that Allen-Vanguard was in "exclusive" discussions with Versa for a sale while these write downs were created. Valuations could seem suspect, did EDC representatives receive impartial/independent counsel ? It is no wonder that so many people have "conspiracy theories" about Allen-Vanguard - not only shareholders - read the newspapers. Anyone concerned about possible EDC ethics, morals and integrity oversights may want to review this information. Public Sector Integrity Canada psic-ispc.gc.ca Disclosure of wrongdoing in the public sector is a courageous and commendable act of service. Form: psic-ispc.gc.ca Mail or fax Public Sector Integrity Canada 60 Queen Street, 7th Floor Ottawa ON K1P 5Y7 Fascimile:613.946.2151 Telephone:613.941.6400 Toll Free:1.866.941.6400

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