SureTrader Advertisement Advertisement Advertisement
Home > Boards > Other Markets > Foreign Stock Markets > Petro Rio S.A. (HRTPY)

Nelson Tanure VS Discovery Capital

Public Reply | Private Reply | Keep | Last ReadPost New MsgNext 10 | Previous | Next
DrillaHill Member Profile
Followed By 11
Posts 842
Boards Moderated 1
Alias Born 06/18/13
160x600 placeholder
Dow Ends Above 17,000, Posts 5th Straight Session Of Gains
S&P 500 breaks through 50-day moving average The Dow Jones Industrial Average advanced for a fifth consecutive session Thursdayits...
Top Equities Stories Of The Day
Correction to Modelez Board Story
China Circuit: A Steve Jobs Disciple Dreams Big
UAW Touts Wage Gains in Chrysler Contract
World Food Prices Rise
A Shift in Risk Pinches Banks
Alcoa Profit Falls on Aluminum-Price Slide
Freeport Adds 2 Icahn Directors
Blackstone to Buy BioMed Realty Trust
DrillaHill   Monday, 01/20/14 06:31:33 AM
Re: None
Post # of 5446 
Nelson Tanure VS Discovery Capital

Tanure purchase fight with Discovery Capital

According to the document of JG Petrochem, sent as a complaint to the Public Prosecutor , the Securities Commission ( CVM ) and the capital market regulator in Canada, Discovery allegedly received insider information from two directors appointed by it, François Moreau and Oscar Prieto . At the last board meeting in January, the two directors were questioned by competitors hold positions in companies of HRT, which would create a conflict of interest. The two directors have resigned from office, the same day as the other four independent directors have resigned.

I always thought Moreau & Prieto, installed by Discovery Capital, are not working in our interest, but only in Discovery Capitals interest.
Good that they are gone...

In another notification, JG Petrochem accuses Discovery have exceeded 20% of the shares, without notice to the market (which is mandatory as per the rules of the CVM), which would trigger a purchase offer on the roles of minority shareholders . The company attributes this Tanure information "to the market and the press," citing a statement published in the newsletter Reserved Report.


Public Reply | Private Reply | Keep | Last ReadPost New MsgNext 10 | Previous | Next
Follow Board Follow Board Keyboard Shortcuts Report TOS Violation
Current Price
Detailed Quote - Discussion Board
Intraday Chart
+/- to Watchlist