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Technology Stocks : Allen-Vanguard Rescue Board

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From: kidl11/6/2009 6:16:04 PM
   of 724
 
This is the email I intend to send out to my contacts.

Any comments or suggestions?

Hi everyone,

I am sending this to you as I know that you are invested in Canadian public companies and thus take or should take an interest in “corporate governance”.

Please have a look at this petition to Justice Minister Rob Nicholson
gopetition.com

At first glance this may look like a company specific issue. NOT so as it may just set a precedent for all Canadian publicly traded companies as it would allow them to wipe out shareholder equity without due process.

Thanks for reading the petition and an even bigger thanks if you decide to sign it.

PS: In case you wonder why ... Yup, I got caught in this mess / potential fraud. Not a lot of money but if these crooks / banksters as in RBC, EDC, self-serving insiders AND potential purchaser get away with this crap, we may just as well throw in the towel. What’s the point of investing in Canadian equities if the companies are allowed to wipe out shareholder value as they see fit.
How can a CFO wipe out $550 Mil in equity with (obviously) board approval WITHOUT a third party opinion?

PPS: There is already a $80 Mil law suit in progress. For details please go to:
Subject 57843
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