RIM Shareholders "Status Quo Is Not Acceptable, We Want To Sell RIM"
As the world gets back to the grind from a long weekend, a group of Research In Motion (RIM) shareholders have decided to start taking steps in their own hands as their frustration with the company they have invested in continues to grow. Shareholder Jaguar Financial Corporation (TSX: JFC), who holds shares in RIM issue a press release this morning calling for what it suggests as “maximization of shareholder value” which could include a possible sale or spin-out of certain RIM patents.
“The status quo is not acceptable, the Company cannot sit still. It is time for transformational change. The Directors need to seize the reins to maximize shareholder value before more market value is lost.” according to Vic Alboini, Chairman and CEO of Jaguar.
As the day plays out, it will be interesting to see if this type of public revolt has an impact on the stock, it closed on Friday at $29.59.
Latest posts by Dave Forde (see all)
- Breaking: Pierre-Elliott Levasseur Appointed President Of La Presse - November 24, 2016
- Canadian FinTech Awards, And The Winners Are…. - November 23, 2016
- Breaking: Sophie Kotsopoulos Appointed Senior Director, Integrated Marketing Of NHL - November 23, 2016