Excerpts from a member email and a YouTube link, appropos for the occasion.
Everything that I am seeing shows me that Purdy et al are going to try to get the
CCAA restructuring approved by scaring enough of the retail holders to vote for it
or at least refrain from voting against the plan. If they have to deal with some
bad press, so be it.
Peter Brown would obviously prefer to preserve the value of his Canaccord shares than
pay anything of substance to ABCP holders, so he will support the CCAA plan while paying
lip service to the sufferiing of the Canaccord clients that Canaccord put into the paper.
I think that we need to make it 100% clear that we definately intend to blow up their
CCAA plan and sue if there is not a settlement offered, and a good one at that.
I am still interested in starting a website called "I'm mad as hell.ca".