As I stated on AuRico board, I plan on emailing AuRico to state that cash on hand belongs to the shareholders and should be given out as a special dividend. I'm sure they won't respond.
I just emailed AuRico and will post any reply I get.
"As much as I disapprove of this merger at the price you sold at, I find it hard to believe that you are giving them our cash on hand. That money belongs to the shareholders and should be given out as a special dividend. Otherwise, that C$310 million price is actually C$282 million. Please explain how they get our cash too."
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