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September 2015

Brookfield - Vampire Squid Species?

 

"Lasting a month, Rouse’s rights offering never reached the $15 level but instead of the embarrassment of a failed deal—less than 15 percent of Rouse’s non-Brookfield shareholders participated in the offering—Rouse got its money. That’s because Brookfield “backstopped” (or guaranteed) the completion of the deal—for a $6 million fee. After the deal was done in March 2012, Brookfield owned an additional 11.35 million shares, taking its stake in Rouse from 37 percent to 54 percent, giving it effective control over the company. Of note, Brookfield was able to do this without paying a control premium to Rouse’s investors.

Shortly after the rights offering was closed, Brookfield and Rouse engaged in a series of transactions that seem to show how Brookfield obtained a large block of Rouse shares by spending only $13.7 million."

From: A Rousing Relationship  By Roddy Boyd, March 11, 2013

See also: http://sirf-online.org/

(No comment on the actions of Rouse.)

Well, where have we experienced this before? 

Stelco, Ainsworth Lumber, The Atlantis Resort, Fraser Paper . . . 

Vampire Squid Species?

Read Matt Tiabbi's Rolling Stone article in which he describes Goldman Sach's as “great vampire squid wrapped around the face of humanity, relentlessly jamming its blood funnel into anything that smells like money.”

What do you think? Is Brookfield the Canadian vampire squid cousin of Goldman Sach's?

 

 

 

 


Déjà vu anyone?

From Seeking Alpha

"North American Palladium: A Broken Dream Or The End Of A Long Journey For Shareholders"

"Today, the company released this stunning "recapitalization transaction," in which PAL is basically saying that the actual shareholders are almost totally wiped out, and Brookfield (BAM) will take possession of the mine, not later than June 30, 2015. Unless, a buyer is found quickly with a superior proposal, which is totally unrealistic."

Isn't this right out of the Birch Mountain "stealthy acquisition playbook" written by Corporate gangsters?

Here's the link to the article. Take some antacid before you read it. 

Seeking Alpha - North American Palladium


Can We Count On YOU?

Dear Shareholders,

Did you think we forgot about you?

No way! We've just been a little busy.

The lawsuit is still very much active. The process is moving forward albeit at a slow pace. Btw, don't forget that you can keep up with the case developments on the official lawsuit website here: 

http://www.brookfieldclassaction.com/case.htm. 

We apologize for the infrequent blog posts as there is a mountain of new evidence that is being organized. The short of it is that we received a decision from Justice Strekaf back in April (as mentioned in the previous post). We are appealing. We do not have a next court date as yet. 

To date it has been a small group of dedicated shareholders who have relentlessly contributed money and/or effort to develop and help this case progress. We feel (as shareholders) that we are perhaps in the final stretch. While there are no guarantees, we are confident that we have amassed a huge amount of evidence to support all our claims we have made on this blog and then some.

At some point in the near future, we (this group of shareholders) would like to see a show of strength from you.  

We need your voice. 

We would like to send you an email with the details. If you have NOT already sent your information to us that includes your full name, physical address, contact phone number, email, and number of shares owned, please do so. Send information to Birchmountain@hushmail.com.

If your email has changed since you first contacted us - please send an update. Please also share this information with other shareholders you may know.

If you have already sent us your information, please sit tight, and know that we are working on a plan to have our voices heard in our effort to seek justice.

Are you with us? Can we count on you? 

Sincerely,

Shareholders for Justice