EC timeline may be much faster than we think, if the experience of CEMJQ shareholders is any gauge.
See posts below by an iHubber who was invited to serve on an EC for CEMJQ. His third post contains a link to the letter to shareholders and other docs related to their successful quest for an EC.
Most surprising is the rapid timeline--15 days total from invitation letter to EC formation.
det
Posted by: slaternation Date: Wednesday, December 30, 2009 2:46:11 PM
I think I got the letter 12/14 and it had to be in to the Trustee by 12/18. EC was approved 12/29.
Posted by: slaternation Date: Wednesday, December 30, 2009 2:52:18 PM
Nope, just an average dude, with a computer and the internet, with a few tens of thousands of shares of both WAMUQ and CEMJQ. All alliance members received letters. There were somewhere between 50-100 people that joined the shareholders' alliance, which is lead by some pretty savy people, two of our finest, even showed up in for a court hearing. The alliance petitioned the court for the formation of an EC as Assets> Liabilities, as I am sure did some other big players. I believe 4 alliance members were named to the EC. Grassroots at its finest. The alliance holds somewhere around 13% of the A/S.
Posted by: slaternation Date: Wednesday, December 30, 2009 3:34:44 PM
http://chemturaresearch.blogspot.com/200...
Read the open letter to shareholders and you will find the court filing under the Equity Committee Related Links on the right...
The major focus of the alliance was to push for the EC, now that the EC is approved I don't know what more we have to accomplish...