No one should be surprised that NOT has decided to take a run at the SRP.
If you owned NOT shares prior to the great hedge fund takeover last year you well know that retail shareholder were treated just a little less kindly then dirt. We had to rights, no say, no input. The deal was done and the first move by management was to cancel their one "voice of the shareholder" access by cancelling the Agoracom board.
Many "NOT" poster we see today were not names I recognize from that battle and believe me if you truly believed in NOT you were heard on the Agoracom board. Today that board is open for discussion but through no support of the NOT BOD. They don't care what the retail shareholder thinks. They deal with large institutional investors and hedge fund types that want to get in, make their 8-10% and get out so they can show that they made money for the year and move on the the next "opportunity" for a quick turnaround.
I don't think the NOT board even thinks that "Shareholder" and "rights" can be in the same sentence. Why would any business man want to give any shareholder any rights???? Give us your money, shut up, and just sit back till we tell you what we are doing.
Sorry, but I still believe that a company is only as good as it treats its employees and its shareholders. Without them you end up with a few people sitting in a room and wondering what to do because no one is listening to them.
IMHO "Shareholder" and "rights" do belong in the same sentence and if their is some little technicality wrong with the FWR SRP then we, the retail investors will work quickly with the FWR BOD to fix the error and re-establish the document that prevents this kind of hostile takeover attempt from succeeding.
All in MHO - Wishing......
PS - I do own Noront shares so am very hopeful they will move on after this failed bid and spend their money on poisitve actions for NOT.
