CanWest newspapers slight CanWest shareholders and Canadians, in limiting disclosure on the 1.2 billion CanWest sold 50.1% of Ten for. Nearly 600 million of CanWest debt attached to TEN buyer.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Opportunity to mitigate newspaper malfeasance. CanWest shareholders consider legacies: donating past newspaper archives to Internet, opening up search engines to Canada's newspaper history. Able to donate a portion of the newspapers' pages -- a free speech right of way -- to print editorials of different points of view. Benefits readers and strengthens the Canadian economy. Possible to sell Canada's newspaper monopoly into a non profit. [Banks can lend 1.5 billion to non profit. Asper saves name, company, and fortune, and makes the nation smarter. Non profit top bidder in the great Canadian newspaper auction.]
Hundreds of millions in cash removed from CanWest, directly before voluntarily Ontario filing. Dishonest for company to voluntarily enter receivership -- and claim no operating funds. Fraud to claim to need a 25 million operating loan, and behind 100 million in interest payments, and need to rise 65 million in a reorganization --when the company had half a billion cash before going to court.
SEC CANADA Regulation. All public companies and their lenders agree not to remove assets and cash, from shareholder balance sheet, before voluntarily halting a stock, and filing a shareholder expropriation form. Ten's funds are escrow, and are to bridge CanWest's finance's until newspapers sold. Warning. DO NOT CHEAT SHAREHOLDERS.
When Canada's newspapers sold fairly, CanWest's assets remaining will be worth more than debt left. CanWest TV channels very profitable. CanWest coup defeated. http://www2.macleans.ca/2009/08/10/canwest%E2%80%99s-quiet-coup/
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment