Replies to post #2807 on Claren Energy Corp (CNENF)

[Smooth]

The Terra Nova Team will hold the dissidents to strict compliance with the requirement that they have not solicited more than 15 persons prior to filing the dissident circular

This whole affair is rife with issues that lend themselves to lawsuits and delays. Who's gonna blink first?

[tchauncy]

Hamilcar- As is the case of most of the "Shareholder" letter, the comment on the 15 solicitations, just like the wrongful reference to HENC's supposed improper reporting of its off topic Strongbow shares and the ludicrous statement that the new group only has a few hundred thousand shares of TGC stock (there is no reporting requirement for "outside" shareholders who hold less than 10%), is nothing more then a "red herring" to distract from the real issues at hand.

What they are referring to only has to do with the requirement in "rounding up" the 5% required in Canada to initially call for a Special Election, or post a dissident slate. Ie. Canada allows for no more than 15 shareholders to be privately solicited to accumulate the required 5%.

Yesterday alone, I spoke with two TGC shareholders, who are not even part of the dissident group who together hold over 12 million TGC shares (neither over 10%) who on their own pledged their shares to the dissident group a week ago.

http://www.cba.org/CBA/PracticeLink/12-09-bc/12-09-bc_5.aspx