Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
The Next Superpower Won't Come From Asia... or Europe
China.
That's what most people think the next great superpower will be. And if not China, then certainly Russia, India, or a European country, right?
Wrong. I predict that the next world dominator will be Brazil.
Here's why...
The Brookings Institute -- arguably the #1 think tank in the world -- says that over the next 15 years, 2 billion people will be added to the emerging middle class.
That's right -- 2 billion people. And they are projected to add a whopping $35 trillion to the global economy.
This money will no doubt be spent on things every middle-class citizen wants: cars, food, better housing, etc.
That's where Brazil comes in. As a producer of several valuable commodities, it's perfectly positioned to rake in trillions.
Just consider a small sampling of some of the necessary goods it produces already...
Coffee: Brazil is the world's largest coffee grower. 83% of Americans drink an average of three cups per day. So you can imagine what could happen when you add 2 billion people to the coffee market.
Aluminum: Brazil has the third-largest reserves of bauxite -- the world's main source of aluminum.
This commodity is already seeing increased demand. As Bloomberg notes: "rising consumption of aluminum, used in products from beer cans to airplane wings, has climbed with the rise of middle classes in China, Brazil and the Middle East."
Oil: The country already produces 2.6 million barrels per day. And deepwater oil reserves have boosted output tenfold since 1980.
That should only increase. In 2007, the country made the biggest oil find in the Western Hemisphere in 30 years. And its ocean border is one of the most fertile deepwater fields on Earth.
Brazil also has dominant positions in freshwater reserves, cattle, iron ore, and numerous other resources the world will be begging for.
Look at it this way... Even if Brazil captured just 10% of that $35 trillion in future spending, it would still more than double its GDP.
Speaking of GDP, independent analysts are already expecting Brazil's GDP to increase faster than the U.S.'s between now and 2018. And that's before the growth in the global middle class really takes off.
The best news? While everyone focuses on America, China and others, you can invest Brazil for a big discount.
There are only 7 ways to invest directly. The best way is through a fund located on the New York Stock Exchange.
It invests in 76 Brazilian companies, both large and small, giving you the best combination of growth and safety.
It's trading well off its highs, which is especially good when you consider how well Brazil's stock market has done in the past. Over the past ten years, it's trounced the S&P 500 by more than 3-to-1.
In The Hottest Investment Opportunities for 2015, I'll tell you about this fund, and give more details on why Brazil could far outpace the rest of the world in the 21st century.
Tanure’s HRT dismisses and cuts high wages, posted on SH by Debora.
RIO DE JANEIRO - The new management company HRT Petroleum, owned by Nelson Tanure, promoted drastic cuts with discretion. The subsidiary Ipex, which led the company had an annual loss of $3 million. The laboratory manufactured losses rather than research and analysis. Discovered many new managers high salaries. A professional earned $35,000, out benefits. In the Brazilian market, this professional, with much effort would receive $9000. In total, 50 people were laid off in the company and management were eliminated. Had overlapping functions. Likewise, executives spent time and money on expensive lunches in Rio de Janeiro. The bill, $300 per person, was paid by HRT.
The crisis of mistrust, which led the stock falls more than 95% since the IPO will gradually be replaced by a focus on recovery now. Rigorous Research Empiricus, which drew a gloomy scenario in the event of victory of President Dilma Rousseff, pointed to HRTP3 action to become a millionaire as a function of good prospects. "On the positive side, we consider the acquisition of the entire Octopus (Campos Basin, RJ) as a further indication that, from additional advances needed, the company can balance from the standpoint of cash flow from a through exploration and production of oil. "And the report keeps the confident tone: "In April-June results, logs in over a sale of 600,000 barrels produced in Octopus, which will generate EBITDA of $15 million.
If production be 10 thousand barrels per day and brent range between $100 and $110 in the second half, EBITDA reached R $62 million in 2014. "Thus, the times of pre-operating company, bad investments and exorbitant salaries lag behind. HRT, Nelson Tanure, is a new company.
Paulo Roberto Cunha BLOG POWER GOLD
Russia and Brazil Strengthen Ties
http://www.pinnacledigest.com/video/russia-and-brazil-strengthen-ties
WF:
I completely agree with you.
Since the 30 - 1 R/S was rejected by the HRT shareholders. I cannot see how they are able to have any kind of a R/S without at the very least presenting new proposed R/S numbers or none at all to the HRT shareholders a 5 -1 or 10 - 1 or none at all R/S to vote on.
They have till August of 2015 to comply with the new rules of the Bovespa, so there is no hurry. I personally would support a 5 - 1 R/S, it would give the company a more attractive share liquidity.
I demand that the company have a new vote on the R/S to determine the true feelings of the HRT shareholders.
MATERIAL FACT
REVERSE SPLIT OF COMMON SHARES AND GLOBAL
DEPOSITARY SHARES APPROVED
Rio de Janeiro, June 24, 2014 - HRT Participações em Petróleo S.A. (the "Company" or "HRT") (BM&FBOVESPA: HRTP3, TSX-V: HRP), announces today that, at the Special Shareholders` Meeting ("SSM") of the Company, held on this date, upon second call, among other matters, the shareholders of the Company approved the reverse split of the Company's common shares at the rate of ten (10) common shares for one (1), pursuant to Article 12 of Law 6,404/76, which also includes the reverse split of the issued and outstanding Global Depositary Shares ("GDSs") of the Company, at the rate of ten (10) GDSs for one (1), maintaining the proportion currently in force of two (2) GDSs to one (1) common share.
In the context of discussions on the Management Proposal for the reverse stock split at a ratio of thirty (30) common shares to one (1), the Company's shareholders resolved by majority, to approve the reverse stock split at a ratio of ten (10) common shares to 1 (one), in line with the proposal submitted by a shareholder of the Company, which is more suitable to its current situation.
Background and Reasons for the Reverse Split
The Company's proposal to effect the reverse split is in line with the understanding that, further to some indications received from the BM&FBOVESPA's Company Follow-up Department. In the opinion of BM&FBOVESPA Exchange, such a target price protects companies from being affected by high fluctuations in percentage, resulting from low fluctuations in stock prices.
Furthermore, in February 2014, the BM&FBOVESPA Exchange enacted the new regulations for the Listing of Issuers and Admission of Securities for Trading (Regulamento para Listagem de Emissores e Admissão à Negociação de Valores Mobiliários), created with the aim to improve and streamline the relationship of issuers with the BM&FBOVESPA Exchange and market participants. This regulation will be in place from August 2014.
Effects of the Reverse Split
The shareholders (holders of common shares or GDSs) will have until August 1, 2014 to, at its discretion, dispose of or acquire as many shares as necessary in order to eliminate fractions of shares that may result from the completion of the reverse split by the Company.
After such date, the group of shares which compose the share fractions will be sold through an auction on the stock exchange, by an intermediary of a brokerage firm, in Brazil, and a selling agent, in Canada. The proceeds resulting from the sale of the fractions of common shares and GDSs will be credited to their holders.
As of August 4, 2014, the common shares and GDSs will be traded on a reverse split basis. The reverse split will not affect (i) the amount (in Brazilian reais (R$)) of the Company's consolidated Capital Stock, (ii) the rights attributed to common shares and GDSs, or (iii) the ownership interest of each shareholders in the Company's Capital Stock, except to the extent that the reverse split, or otherwise, results in a shareholder owning a fraction of common share or GDS, as the case may be.
The subscription bonuses and the stock options or subscription for common shares issued by the Company will also be proportionally adjusted to reflect the reverse split.
The reverse split will not result in a change of the Company's name.
As at June 24, 2014, 297,466,746 common shares of the Company are issued and outstanding. Upon completion of the reserve split of common shares approved at the SSM, there will be approximately 29,746,675 common shares of the Company issued and outstanding (on a non-diluted basis and subject to fractions as discussed in this material fact). As at the same date, 118,090,300 GDSs are issued and outstanding. Upon completion of the reserve split of GDSs also approved at the SSM, there will be approximately 11,809,030 GDSs issued and outstanding (on a non-diluted basis and subject to fractions as discussed in this material fact).
Click here for the Material Fact.
For additional information, please contact HRT`s Investor Relations Department.
About HRT
HRT Participações holds one of the largest independent oil and gas exploration and production companies in Brazil. The HRT Group comprises six main subsidiaries: IPEX (Integrated Petroleum Expertise Company Serviços em Petróleo Ltda.), HRT O&G Exploração e Produção de Petróleo Ltda., HRT Netherlands B.V., HRT África Petróleo S.A., HRT América Inc. and HRT Canada Inc.. The Company retains a 55% interest in 19 exploratory blocks in the Solimões Basin and 60% of interest in The Polvo Field, located in the southern portion of the Campos Basin. HRT also operates ten exploratory blocks off the Namibian coast: eight blocks in the Orange Sub-basin and two blocks in the Walvis Sub-basin. HRT's team includes PHDs and masters in geochemistry, geophysics, biology and engineering, most of them former employees of Petrobras and ANP (Brazil petroleum agency). HRT is committed to minimizing any possible environmental impacts in the sites where it acts. Our commitment to the local communities is towards health conditions, safety and quality of life. For more information, please visit the Company's website: www.hrt.com.br/ir
WF:
Although I spoke strongly against the proposals that HRT's BOD's put before the shareholders to vote on. I have felt ever since I became a shareholder in the company that it has a very good potential to reward patient shareholders.
I along with other shareholders who share my views regarding the BOD's proposals have a large amount of shares in HRT. We long to see much higher share prices and will guard are words to not in anyway hinder the advance in HRT share prices.
My motive and personal agenda is to see HRT's BOD's work for the best interests of all it's stakeholders. Which I know for a fact is how other shareholders feel who share my views about the BOD's proposals.
The voting results will be known on June 24th, I sincerely hope it works out for the best for everyone involved in HRT.
I just got a phone call asking me how do I want do vote on the HRT BOD proposals. I told the person who called me I had already voted, by mail, she said they did not have a record that I had. She then mentioned the proposals and asked me if I was going to support the BOB's recommendation to vote yes, I said no and my vote was against all the proposals, I was told by her my vote was now valeted. She also said I could have gone on the HRT site to vote. I still had questions about this procedure and she said she would have her supervisor call me.
Did anyone else get a call.
marco:
Do you actually mean in your post that you did not vote on the R/S or voted against the R/S.
douginil:
I have never been involved in a proxy vote as important as this one, and I greatly fear the ultimate outcome should Nelson Tanures' HRT BOD's win the vote.
My feeling about this proxy vote has caused me to be very blunt in some of my posts in reference to statements made by other posters, I do not in the least regret any of the posts you are referring too.
I hope so very much that somehow things will work out to the benefit of all the stakeholders in HRT. Then you can be assured there will be a different tone to my posts.
What a JOKE if you REALLY THINK Nelson Tanure GIVES A DAMN ABOUT US ORDINARY SHAREHOLDERS so as to return money to our pockets, and believe Nelson is acting in the best interests of shareholders you must also believe in THE TOOTH FAIRY.
Nelson Tanure is counting on ignorant shareholders like yourself to vote blindly for his HRT BOD's proposals without having to go the same route as Brookfield Asset Management Company to take over HRT.
Ogo:
Brookfield used similar tactics in taking over a Canadian oil company called Second Wave Petroleum for pennies on the dollar from the rest of it's shareholders. The company had received an offer of $4 a share only a few months prior for it from another company.
Because Brookfield owned approx. 46% to 48% of the company's shares and a large part of it's debt the offered was turned down. I believe Brookfield ended up getting the rest of the company's shares for .29 cents a share. Hard to believe but true.
I never owned shares in it but it was one of many I followed, it was a growing oil producer. Stolen from it's shareholders.
Nelson Tanures' HRT BOD's actions lead me to fear we will likely suffer a similar faith as companies that got involved with Brookfield.
Our only hope is that the ordinary shareholders who still hold the majority of HRT shares turn down the BOD's proposals. And that we benefit from successful drilling off the coast on Namibia and the Rosneft receives ANP approval soon and start drilling in the Solimoes Basin and is successful. Elevating the existing O/S share price to higher levels without having to do a R/S to achieve it.
Fulfilling the dreams we all had of HRT, of a growing producing oil & gas company, a highly liquid stock, attractive to institutions, and ordinary shareholders. A core holding in a stock portfolio.
Bassanio:
For the opting thing time I hear you and once again I disagree with you, regardless of what links you post. Buying back stock helps someone with a major position get control of a company not someone with a small position.
Nelson Tanure currently has about 20% of HRT if the O/S is 10m after a R/S and HRT buys back 2M shares dropping the O/S to 8M his percentage of the O/S goes up to 25% without him having to buy any more shares.
I am against Nelson Tanure taking over HRT, therefore I voted against all of Nelson Tanures' HRT BOD's proposals.
Brassanio I am being truthful, now would you be the same and tell us how you voted.
Bassanio:
I agree with robnhood that you are wrong, wrong in most things you say ( actually I don't know one thing you say that I agree with ) my last post that I put up regarding you was deleted by the IH Administer, because it was consider a personal attack against you. So I have to hold back on what I would like to say.
"Some Great Idea you have" buying back shares after a R/S with HRT money instead of Nelson Tanure having to. He raises his percentage ownership of HRT without spending any of his own money. Never mind the fact that HRT shares would become even more illiquid.
Since I can't say what I would really like to say, I will say no more, other then Bassanio you have had your say now please lay it to rest.
Bassanio: I find your posts irrational and ignorant. Which is proven by your statement that the R/S does not change the company's liquidity. How many times must it be hammered into your head that having an O/S of 3,936,343 HRT GDS shares is way too low, especially since it is spread over the US and Canada. The same goes for Brazil with less then 9M HRTP3 shares after the R/S when adjusting for the HRT GDS component of the HRT O/S. It makes it unattractive to institutions and most investors. Except the insiders who want to take it over.
I once had shares in an ETF management company trading on the OTC US luckily I sold before they did a 200 to 1 R/S, the shareholders could not vote on the R/S not like in Brazil where it is a requirement, the insiders stole the company from the shareholders ( it is the US that is underdeveloped when it comes to shareholder protection ). Sometimes minor R/S can be good like 4 to 1 anything above that is questionable.
I have a lot of shares in HRT because I feel that it has a lot of potential. But if Nelson Tanures' HRT BOD's win the proxy vote, I will be concerned about what will become of mine and other shareholders investment in the company.
Vanwilder:
Like you I was going to sell all my HRT shares and just take my lumps and move onto something else, and advise a friend to do the same thing. After selling 50,000 shares, I said to myself to hell with it.
No way am I going to sell any more shares and let them get away with stealing the company, robbing me and the other shareholders of HRT 's huge potential as Nelson Tanure said it has, by paying us far less then the shares are actually worth.
I and others may lose the vote, but at least we stood our ground putting out our messages hoping other shareholders would come to the same conclusion we did and vote against all of the BOD's proposals.
This is the VanWilder post that rzbern reposted with the actual post number
Post #3563 of 4050 Tuesday, 05/13/14 11:44:10 PM
Dear God, Poison Pill being removed, as well as 20% threshold. Moving offices (good idea) Selling the headquarters.
These guys are insane, gonna steal the company.....pretty
Go to the website.....read the changes. Good luck. The board minutes are still in Portuguese, but the other Docs are english.
marco:
You say I am working for Nelson Tanure and you are not. An ubelievable desperate attempt at taking the eyes off of your true motivation and that is to help Nelson Tanure to get control of HRT to the detriment of it's shareholders.
Goldcanyon341:
I can understand your interpretation problem regarding the options. I have a problem with all the proposals so I voted against them all.
I have never in my life come across, a set of BOD's proposals that was so imperative that shareholders of a company vote against.
marcoscsleite:
Time to give it up, most us know your type, we have read your continuous English and hard to translate Portuguese posts. We know where you are coming from and your seemingly undying devotion to Nelson Tanure.
You have said your piece repeatedly on this board, we know who you are working for, time to report back to your boss.
I can come to no other conclusion then what I just said to justify you supporting Nelson Tanures' HRT's BOD's proposals.
Rzbern:
I hope we get a much better then the usual amount of HRT shareholders voting this time, since I feel it should help the nay vote.
This is the most important vote I have ever made in any company I have had shares in.
I feel that if the nays win it will actually improve the status of HRT and properly focus the BOD's attention to building the company for the benefit of all it's shareholders.
Marcoscsleite I am not wrong again, I have been in this business for 44 years. I know exactly what I say is true. The fact that most investors do not know the truth about how the financial markets are many times working against them, is why the majority of stock investors end up losing money.
When did you decide to sleep with the management of HRT?
VanWilder:
Rzbern says his group represents about 10% of the O/S committed to voting against Nelson Tanure's HRT's BOD's proposals. Many other shareholders have told me they were going to vote against the proposals. Generally only about 35% of ordinary shareholders submit proxy votes, it is this apathy amongst shareholders that concerns me.
If I was an American GDS shareholder I would vote against the BOD's proposals based on the fact that they did not submit plans to enable the removal of the annual ( criminal ) 2 cent per share fee.
marcoscsleite:
If what you say is true, then the Brazilian HRT shareholders voting yes to Nelson Tanures' HRT's BOD's proposals are leading all us shareholders to the slaughter house.
I know for a fact that some companies use internet forums, to promote the company and get proposals past. Which I strongly feel is the case on HRT forums.
It defies logic that the HRT's BOD's proposals could be past any other way.
How could anyone be so stupid as to vote for HRT's BOD's proposals, that was the consensus of a group of sophisticated investors that attended a barbeque my wife and I just had at our home. We left the rest of our guests to go to our secret garden so each of us could enjoy a nice cigar with a glass of Single Malt Whiskey in private. It was a no brainer for them to say after I explained the proposals to them "that if the shareholders have any brains at all vote they will vote against the BOD's proposals."
Robn you admitted you made a mistake and you should leave it at that and not blame it something bogus that you say I did.
robinhoods:
Post #3994 was not removed it was a blank post the same as one he once posted before. I asked a question, which he would not answer, therefore a blank post, to make people believe it was deleted.
I repeat what he stated and the question I asked him.
Robinhood Fights The Black Knight
robnhood wrote: Bug, The message was that what was left of the black night is what is left of HRT. These guys are treating it as if it tis but a scratch, or just a flesh wound
As posted on SH:
Robinhood Fights The Black Knight
robnhood wrote: Bug, The message was that what was left of the black night is what is left of HRT. These guys are treating it as if it tis but a scratch, or just a flesh wound
It is possible for Nelson Tanures' HRT BOD's to lose this proxy vote.
As I stated in a previous post I spoke to HRT investors in Thailand, England, Brazil, Canada and the US who said they were going to vote against the company proposals.
The odd one told me how many shares they had one Brazilian said he had 2M, an American Doctor said he had 1.5M, another said 200,000, then another had 500,000, others spoke of holdings of less then 100,000 shares. Rzberns' group with about 10% of the O/S are going to vote against the BOD. I and a friend have voted over 600,000 shares against the BOD's proposals.
Judging from the responses I received the nays have a chance of defeating the BOD's proposals.
robn the egg layer speaks again.
GusGold aka buggati:
You can't rain on our parade, Tanures' HRT BOD's are depending on shareholder apathy to get the proposals past. No one can say it is a given that he had the votes already pledge to vote for the proposals before presenting them to the rest of HRT shareholders.
All my life I have stood up for the fair treatment of shareholders, and have achieved success. The problem with this situation is that it is not a Canadian company, making it harder for me as a Canadian to have an impact on the voting results that a Brazilian could have, and it is the Brazilians that will determine the outcome of the vote.
Powerwalker:
I have the same concern as you regarding that it does not state that an outside buyer has to pay economic value.
If the BOD under the direction of Nelson Tanure really had the best interests of shareholders in mind. They would only do a GDS share R/S of 2 to 1, and make them HRTP3 ADRS so that they can trade in Canada and the US thus eliminating the 2 cent annual per share fee the Americans have to pay.
They have more then a year before they would have to do a R/S if the HRT shares are not trading over I real. There are lots of positive things that could happen between now and then, that could boast the share price significantly, elimination of the 2 cent yearly fee per share would also make the stock more attractive to US investors.
DrillaHill:
In the printed material that came with your proxy the economic value part of the poison pill is also removed. So your statement is incorrect.
I cannot see how anyone can believe in what you stated in your post. When by judging Nelson Tanures' actions can only lead one to believe he wants to take over HRT below it's economic value
"before they would buy another huge stake , which should lead to a massive increase in shareprice, the bid it's self should reflect the economic value, since they did not change that part in the management proposal."
I cannot understand how investors can vote on such serious changes to articles without reading about the changes in the printed material sent to them.
DrillaHill:
Point out were I stated anyone was insane or dumb in reverence to an individual in reference to a proposal yes. I have to much respect for posters on this board to do otherwise. Our opinions our far from each others. I did use the word clueless but I think that is a fair statement and I will stand by it.
"So it looks like our opinions are not far off from eachothers.
What I did not like/understand why you call others insane, dumb,..
who say there are/may be valid reasons for HRT's proposals,
inline with interest of all shareholders, to stay in Bovespa because of reverse split and to attract institutional investors
by removing the 20% hurdle and poison pill."
You are twisting my words by saying I am against Nelson Tanure and not the proposals themselves. It was the proposals that was made that made me question my support for Nelson Tanure.
The company has over one year before it may have to do a R/S so there is no hurry to do so now. The rush to do so makes me question that Nelson Tanure is having the BOD act in the best interests of HRT shareholders.
ogo:
I respect you for the decision you made in voting no, I assume you meant on all of the BOD's proposals. If it is someone using Byron King as an alias I would not think it was you.
According to Rzbern he is battling certain management moles on discussion boards in Brazil, and he feels we have a mole on this discussion board who also posts in Brazil.
The stakes are big here for Nelson Tanure and he likes to win, and we do not want him too and lose the potential rewards of HRT to him.
It was repeated again about buying back shares, I have never seen a newly developing oil and exploration company buy back shares even when it is a producing company, and for very good reasons. It is a very poor idea for a multiple of reasons. Which should be obvious to any investor. So I will not go into it, I also feel no matter what I say the poster has his mind made up and that is what HRT should do. DUMB, DUMB, IDEA!!
marcoscsleite:
I am expressing my opinion which I have every right to do, based on my experience in the financial industry. Since I have a lot of shares in HRT, I am affected but what actions the BOD takes, and as I have been stating I am not happy with the proposals they put up for shareholders to vote on.
Prior to the latest proposals put before shareholders, I supported the BOD, and I felt JG Petrochem's Nelson Tanure was just what HRT needed to make the shareholders of HRT dreams come true.
But with so many proxy votes taken place in such a short time and then the proposals of a 30 to 1 R/S, change of office to a JG Petrochem location and the unheard of 26 article changes one of them containing removal of the poison pill. Instead of putting the poison pill removal out in the open they buried it in an article change. Which I feel was to deceive HRT shareholders.
Because of all of the above, I no longer feel the BOD and Nelson Tanure are looking after the best interests of HRT shareholders.
Due to what you have stated in your posts and making that asshole remark about my last post and wanting VanWilder to delete it. I have to question your intentions on this discussion board.
PS:
Powerwalker I believe that you are right it wasn't the real Byron King that put up that post. Unfortunately unless a moderator has proof of that he cannot delete it.
OK you agree with Bryon King explain to me what he means when he stated in his post.
"Don't have to be a rocket brain to figure out what hasn't worked in the past is now going to work in the future."
Both you and him are clueless, and I have to question your knowledge and understanding of the history of the financial industry. My 44 years in the business tells me to vote no to all of HRT's BOD proposals.
I have built my financial success in the stock based on my knowledge of it. I have Canadian HRT GDS shares and do not have to pay a yearly fee on each share and would not have bought shares in the company if I had to. That is part of Finance 101 if I had I would have been working on having them removed instead of sitting on my hands as American shareholders have been doing. Rzbern a Brazilian and me a Canadian want to change that.
I invested in HRT at a time when I felt it was the best time to so. My average per share cost is less then 5% of the high the shares achieved. I did so because like Nelson Tanure of JG Petrochem, I believe HRT has huge potential.
I feel that the puppet master Nelson Tanure who pulls the strings of HRT's BOD puppets has revealed his intentions for HRT with the latest's proposals by BOD being voted on. Anyone who does not realize this does not have the stock market manipulation knowledge that is required to be a successful investor in the stock market.
Byron King:
You just confirm my reasons for not buying your news letter. I have had people suggest I write my own news letter, but I have no desire to do so, I have done very well as a full time stock investor, so I do not require the extra income a news letter would bring.
I am going to copy and paste your post. If you turn out to be right I will acknowledge it publicly and should you be wrong I will also state so publicly.
What are you referring to in your opening statement:
Don't have to be a rocket brain to figure out what hasn't worked in the past is now going to work in the future.
VanWilder:
I disagree that there has been delusional posts from those who oppose the BOD proposals. They are in fact vital for shareholders to help them decide how to vote on the BOD proposals.
I feel strongly that I was right in voting against all the BOD proposals based on my experience in the financial industry and it is my right to say so publicly.
Due to my holdings in other companies, I will be okay regardless of what happens to HRT. But should the BOD proposals pass, I feel both IH and SH will in a relatively short period of time see far less interest in HRT's discussion boards.
I am concerned about the apathy shareholders have when it comes to voting in general on all BOD proposals of companies. Which in the case of HRT will work against their best interests.
I respect what rzbern is doing and feel we are fortunate he is making these efforts. Fortunately for us he was not elected to the HRT's fiscal council otherwise he would be restrained from doing so.
After the vote my wife and I will be heading for Europe for one month of R&R. When I get back I will decide if I will proceed with ideas discussed with rzbern to insure HRT shareholders receive their share of it's true value and potential upside the company has.
I do need a break and Europe will give it to me because I have grown very tired of this debate.
The $190,000CAD I have invested in HRT does not justify me putting in any additional effort. The only justification I have for doing so is the satisfaction I will get from so many investors not being taken advantage of.
Buying back shares by a company is a common way for a major shareholder to takeover a company using the company's money plus borrowed money it gets to do so.
The major shareholder maintains his/her position and once all or nearly all the shares are bought he/she makes an offer for the rest.
A very effective way to buy a company without using your own money.
Outstanding Share count of HRT after a 30 to 1 R/S
HRT GDS..4,480,000 shares, each one equal to 1/2 of an HRTP3 share.
HRTP3..7,606,666 shares.
Making the share float far to low and too illiquid for institutional and regular investors.
The right thing to do is to do a 2 to 1 R/S of the GDS shares and convert them to HRTP3 ADR shares that would then be able to trade in Canada and the US and would not have a per share yearly fee.