Tembec Benefit Share Tax treatment is Unfair and Unjust
10 Comments
B
Brett Sokoloski
8 years ago
So 'Pathetic' was fern's vision! I never signed his petition even after 10 hours of him trying.
Their only excuse at EI was if they lost it would make them look bad,
Sry folks, no help from the international except to want to shut us down :(
A corporate lawyer told me to sue bc of malfeasance but i have no shares left at all.
K
Kelly Blatz
8 years ago
Featured
Tembec's business practice of Pine Falls paper mill equals legalized stealing! Totally unfair and unjust.
C
Claude Papineau
8 years ago
Featured
Sadly Tembec had a hand in the Pine Falls Paper Company right from the start and it never had a chance to stay employee owned!
R
Ray Duval
8 years ago
Featured
Tembec business practices are unjust and should be criminal. It is so disappointing after devoting 30 years to a company and then have them rob you.
R
Ron Bruneau
8 years ago
Unfare practice the little guy always getts shafted.
A
Annie Lamoureux
8 years ago
Not fair!
G
Gary Schewe
9 years ago
Dam Tembec, their antics sure screwed over, so many, tax paying, hard working individuals.
Y
Yvette Gelinas
9 years ago
So unfair,we are a retired couple now
J
Jeff Schewe
· petition starter
9 years ago
Warrant Symbol - TMB.WT
Number Trading -
Expiration Date - February 29, 2012
Cusip - 87974D 11 8
Exercise Price - $12.00
Warrants called to trade news:
Tembec substitutional share listing
2008-02-28 19:44 MT - Substitutional Listing
TSX bulletin 2008-0245
In anticipation of a plan of arrangement and recapitalization of Tembec Inc., as described in the management proxy circular of old Tembec dated Jan. 25, 2008, becoming effective after the close on Friday, Feb. 29, 2008, Tembec Inc. (a new corporation created for the purpose of implementing the plan) will issue the following securities to be listed and posted for trading at the open on Monday, March 3, 2008, under the trading information set out below in substitution for the currently listed common shares of old Tembec common shares and four-year warrants to receive new common shares.
New stock trading
Securities Symbol Cusip No. Currency
New common shares TMB 87974D 10 0 Canadian dollars
Warrants TMB.WT 87974D 11 8 Canadian dollars
Designated market-maker: W.D. Latimer Co. Ltd.
Other markets: None
Transfer agent and registrar: Computershare Trust Co. of Canada in Montreal and Toronto
Pursuant to the plan, shareholders of old Tembec will receive, for every 100 existing common shares held (as provided for in the circular): (a) 5.84 new common shares; and (b) approximately 12.9778 warrants. If an existing common shareholder owns less than 18 existing common shares on the effective date, such shareholder will not receive one whole new common share, but will receive a cash amount for its fractional interest and will receive its appropriate number of warrants (and cash for any fractional interests in a warrant). If an existing common shareholder owns less than eight existing common shares on the effective date, such shareholder will not receive one whole new common share nor one whole warrant, but will receive only a cash amount for its fractional interests.
So 'Pathetic' was fern's vision! I never signed his petition even after 10 hours of him trying. Their only excuse at EI was if they lost it would make them look bad, Sry folks, no help from the international except to want to shut us down :( A corporate lawyer told me to sue bc of malfeasance but i have no shares left at all.
Tembec's business practice of Pine Falls paper mill equals legalized stealing! Totally unfair and unjust.
Sadly Tembec had a hand in the Pine Falls Paper Company right from the start and it never had a chance to stay employee owned!
Tembec business practices are unjust and should be criminal. It is so disappointing after devoting 30 years to a company and then have them rob you.
Unfare practice the little guy always getts shafted.
Not fair!
Dam Tembec, their antics sure screwed over, so many, tax paying, hard working individuals.
So unfair,we are a retired couple now
Warrant Symbol - TMB.WT Number Trading - Expiration Date - February 29, 2012 Cusip - 87974D 11 8 Exercise Price - $12.00 Warrants called to trade news: Tembec substitutional share listing 2008-02-28 19:44 MT - Substitutional Listing TSX bulletin 2008-0245 In anticipation of a plan of arrangement and recapitalization of Tembec Inc., as described in the management proxy circular of old Tembec dated Jan. 25, 2008, becoming effective after the close on Friday, Feb. 29, 2008, Tembec Inc. (a new corporation created for the purpose of implementing the plan) will issue the following securities to be listed and posted for trading at the open on Monday, March 3, 2008, under the trading information set out below in substitution for the currently listed common shares of old Tembec common shares and four-year warrants to receive new common shares. New stock trading Securities Symbol Cusip No. Currency New common shares TMB 87974D 10 0 Canadian dollars Warrants TMB.WT 87974D 11 8 Canadian dollars Designated market-maker: W.D. Latimer Co. Ltd. Other markets: None Transfer agent and registrar: Computershare Trust Co. of Canada in Montreal and Toronto Pursuant to the plan, shareholders of old Tembec will receive, for every 100 existing common shares held (as provided for in the circular): (a) 5.84 new common shares; and (b) approximately 12.9778 warrants. If an existing common shareholder owns less than 18 existing common shares on the effective date, such shareholder will not receive one whole new common share, but will receive a cash amount for its fractional interest and will receive its appropriate number of warrants (and cash for any fractional interests in a warrant). If an existing common shareholder owns less than eight existing common shares on the effective date, such shareholder will not receive one whole new common share nor one whole warrant, but will receive only a cash amount for its fractional interests.
an atrocity