Forum Archive Index - August 2002

[ichi@ihug.co.nz]

Malcolm Cameron wrote:
> 
> Great business deal for Citic pity poor shareholder.  You 
> should thank god for some shareholders with brains.

Thanks Malcolm.  It's nice to be appreciated.  I have 100,000 
FFS shares and voted NO.  However, even if the board got their 
75%, the game was not over.  If enough of us opted for minority 
buy-out, we could have scuttled the deal.  Remember, FFS said 
that if the net cost of minority buy-out came to more than 
$7.5 million, the deal may not proceed.  BTW, it was hilarious 
for FFS to say (on page 53) that if too many people went for 
minority buy-out, they "would no longer able to exercise their 
minority buy-out rights."  Duh.  The only people with minority 
buy-out rights are those of us who voted NO.  If the deal does 
not proceed and we lose our buy-out rights, we will be *happy*.


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