Replies to post #17315 on Viropro, Inc. (VPRO)

[alias7]

SH's controlling investor is Malaysian government through Government bank. Malaysia very nationalistic. Major deal on table was Vivo an Indian company to get 2/3 interest in Viropro and develop Alpha. In my opinion, Malaysian government didn't want Indians to control and run Alpha and Viropro and Malaysian biotech industry.
The judge ruling was that if have 50% in consent resolution; then you have absolute control of company and general meeting not required to appoint new board and exercise control of company. It should be noted that Bruce Cohen not part of the fight. It was very unclear why SH took the action they took. However, since Viropro was on verge of major change that essentially made Viropro an Indian company; a reasonable guess is Malaysians didn't like that move. CT running Viropro as US company. Clash between U.S. Capitalism and Malaysian Nationalism and Malaysian nationalism won because they put together 51% and majority rules.

[zino]

mods should put recent shareholder letter in sticky

[alias7]

The majority share holder is SH which is controlled by the Malaysian government bank. The court decided they had over 50% and a general meeting was not required for the majority to take control. No issues were decided by Court except who had control. The Malaysian government acts in what they consider the best interests of Malaysia. The Malaysian government does not act in the best interests of Viropro or Viropro shareholders. CT was ousted by the Malaysian government because she was forming partnerships with an Indian company and an Israeli company. Malaysia does not recognize Israel. Malaysians also don't like Indians running things in Malaysia. Bruce Cohen was not part of the move to oust CT and he seems to be doing an excellent job of picking up the pieces. Viropro shareholders were dealt a devastating blow by the Malaysian government. No American share holders would have a problem with an Israeli company or Indian company partnership if that was good for Viropro. Shareholders with a few hundred million shares dumped their shares to show their utter contempt of the Malaysian majority. That has caused Viropro to be greatly over sold and a huge bargain for new investors.