Silicon Investor (SI) -- The First Internet Community

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.

Strategies & Market Trends : Ride the Tiger with CD -- Ignore unavailable to you. Want to Upgrade?

To: ralfph who wrote (178598)	11/8/2009 1:30:03 PM
From: kidl	3 Recommendations Read Replies (1) \| Respond to of 312381

OT (Allen-Vanguard) ... Ralph, we tried David Baines and not just once. He seems to be focused on Howe Street. Ergo, of no interest to him as this is a Bay Street issue (sad to say). Getting the media involved is an uphill battle which we continue to fight and we did get some press (Globe, Financial Post, Ottawa papers). Most so called "investigating reporters" / their editors these days are rather reluctant to touch issues like this as they ... A) Don't or don't want to understand the overall implications and B) Would have to bark at powerful institutions like RBC, EDC, OSC etc. All directly or indirectly revenue producing clients Most people look at this as in a few "dumb" investors barking as they are taking a bath on a penny stock. They don't understand that they may just be next in line with any Canadian company they have invested in. Allen-Vanguard wasn't / isn't just some rinky dink outfit run by the usual culprits. They had / have multi million dollar deals with the likes of Lockhhed Martin, General Dynamics, various other major global entities and government agencies. This was not long ago a billion dollar company (market cap) who decided to write down its own value for whatever reason and without third party valuation and thus declared, without due process, that there is nothing left for shareholders. People who compare this to Nortel or Air Canada or other major blow-ups simply don't understand the issue at hand. Yes, companies fail all the time for various reasons and shareholders lose their investment. That's the risk we take BUT a company ARBITRARILY declaring shareholders' equity null and void while selling itself to some ambiguous American outfit with the help of the likes of RBC and EDC and with a 18 months buyback clause is nothing short of fraud and theft. These insiders and institutions render us little guys "feed stock". I refuse to be fed to pigs!