Have you been following this one? IKN Nerve Centre most certainly has, so coming up you get the Meson Capital Partner side, the the Aberdeen (AAB.to) side, and finally the most important bit by far when IKN gives its considered verdict on the shenanignans.
Highly Dilutive Transaction to Insiders to Finance Investment in Undisclosed Related Party Not in Best Interests of the Company or ShareholdersTORONTO , Nov. 18, 2014 /CNW/ – Meson Capital Partners LLC who, together with certain of its affiliates (“Meson”), collectively represent one of the largest common shareholdings of Aberdeen International (AAB.TO) (“Aberdeen” or the “Company”) with current ownership of approximately 9% of Aberdeen’s outstanding common shares today announced that it sent a letter to the President and CEO and the Board of Directors of Aberdeen as well as the TSX in response to pending transactions.Meson believes that recently proposed transactions, which include a highly dilutive private placement to insiders and a transaction with an undisclosed related party, African Thunder Platinum Ltd., are not in the best interests of the Company or its shareholders and demands they be ceased immediately on their currently proposed terms.The full text of letter follows: (continues here)
Go see the full letter at that link, it’s lotsa fun. And now this morning we have AAB.to coming back with this:
TORONTO, ONTARIO–(Marketwired – Nov 20, 2014) – Aberdeen International Inc. (AAB.TO)(“Aberdeen” or the “Company”) today responds to the material inaccuracies and false allegations in the public letter disseminated by Meson Capital Partners LLC (“Meson Capital”) on November 18, 2014. In particular: (continues here)
And again, go see the three main reasons listed at that link, as well as the catty sign-off paragraph.
AND NOW THE BIG ONE: IT’S THE IKN VERDICT
This one’s easy, folks. Aberdeen is in the right, Meson is in the wrong and the reasoning is simplicity itself: Any company stupid enough to buy and voluntarity own for an extended period of time around 9% of any company run by Stan Bharti, let alone the centrepiece company of his sordid, scam-laden empire must be run by very, but very fucking stupid people. That’s you, Meson. You are very extremely magnificently fucking stupid people and deserve everything coming your way, good and hard. The end.