|reply to bimmerdriver |
Re: Action Against Usage Cap
If you want some responses, target the investors of Telus as well.
Attack more than just 1 head of the Hydra.
Investors have become parasites of companies.
They will get angry at mere customers bothering them in their greedy lust for more profit
Parasite investors want a 3 month profit from their investment, instead of a 3-5 year holding and then profit.
They are destroying companies by manipulating the company to become anti-consumer.
Telus had some fight with investors late last year and then now caps drop, but hopefully Telus won't become anti-consumer like Rogers and Bell and Shaw(there was something about shaw slowly buying out all investors).
Since Telus does not own any of the media in Canada, maybe the media will actually get a story out as it does not affect their paychecks or jobs.
Crackberry Blackberry(formerly named RIM) Had a bunch of investors drive up the price before the official announced date for BB10 and then did a quick sell off the start of trade day of the announcement for a quick profit. Resulting in lower share price for an antique company.
Heres the latest investors news release.
Telus says single class of common shares to trade in New York on Monday
By: The Canadian Press
VANCOUVER - Telus Corp. (TSX:T) says its single class of common shares will start trading in New York on Monday, and about one week later in Toronto.
The Vancouver-based telecom company fought a pitched battle with Mason Capital over its plan to consolidate its shares into a single class.
The New York-based hedge fund eventually dropped its court challenge of the plan.
Telus common shares will trade under the symbol TU on the NYSE starting Monday.
The company says it expects non-voting shares to be delisted in Toronto and to start trading as common shares under the T symbol "on or about" Feb. 11.
Mason had argued the voting shares should have been given a higher value than non-voting shares.
At one time, the hedge fund was the largest shareholder in Telus, but has since reduced its stake. »about.telus.com/community/englis···bruary-4
31/1/2013 11:19:50 AM»about.telus.com/community/englis···exchange
TELUS anticipates its common shares will commence trading on NYSE February 4
Vancouver, B.C. As previously announced, TELUS court-approved exchange of its non-voting shares for common shares on a one-for-one basis will become effective at 12:01 a.m. (PDT) on February 4, 2013.
The New York Stock Exchange (NYSE) has now confirmed that it anticipates TELUS common shares will commence trading under the symbol "TU" at the start of trading on February 4, 2013 (previously announced as on or about February 5). Non-voting shares will be delisted from the NYSE before the opening of trading on February 4, 2013. TELUS anticipates its non-voting shares will be delisted from the Toronto Stock Exchange (TSX), at the close of business on or about February 8, 2013. The additional common shares issued in exchange for TELUS non-voting shares will be listed on the TSX at open of business on or about February 11, 2013 and commence trading under the symbol T, the same symbol under which common shares currently trade.
Computershare will mail DRS advice forms representing the new common shares to the holders of record of non-voting shares as of February 13, 2013, shortly after that date. Non-voting shares will be common shares at the effective time and holders of certificates formerly representing non-voting shares do not need to take any further action as the DRS form advice will represent the total number of common shares received upon the exchange. This will allow shareholders to hold their new common shares in book-entry form without having a physical share certificate.
25/1/2013 6:57:39 AM»about.telus.com/community/englis···exchange
TELUS to complete share exchange
Non-voting shares will be exchanged for common shares effective February 4, 2013
Vancouver, B.C. TELUS is moving ahead with the court-approved exchange of its non-voting shares for common shares on a one-for-one basis, which will become effective at 12:01 a.m. (PDT) on February 4, 2013.
Our shareholders strong support for this exchange was made clear during the shareholder vote on October 17, and we are very pleased that we can now conclude this important and beneficial share exchange, said Darren Entwistle, TELUS President and CEO. Having a single class of widely-traded shares is going to benefit all of our shareholders through enhanced trading volumes, liquidity and marketability and, as well, TELUS common shares will be listed on the New York Stock Exchange for the first time. Moreover, the sole class of common shares will further enhance TELUS track record of excellence in corporate governance.
TELUS expects that its approximately 151 million outstanding non-voting shares will be delisted from the New York Stock Exchange (NYSE) on or about February 5, 2013 and from the Toronto Stock Exchange (TSX) on or about February 8, 2013. An equivalent number of additional TELUS common shares would then be listed and begin trading on the NYSE for the first time on or about February 5, 2013 under the symbol TU, the same symbol under which TELUS non-voting shares have traded on the exchange. TELUS common shares will continue to trade under the current symbol T on the TSX. TELUS expects the additional TELUS common shares issued as a result of the exchange will be listed and begin trading on the TSX on or about February 11, 2013. TELUS will have a single class of approximately 326 million common shares listed and trading on both the TSX and NYSE.
TELUS is proceeding with the share exchange as Mason Capital Management LLC and TELUS have agreed to abandon all litigation relating to the court approved plan of arrangement. The agreement does not involve the payment of funds to either party.
As a result, the Supreme Court of British Columbias decision to grant a final order approving TELUS share exchange stands and all conditions precedent to completion of the exchange have now been satisfied.
TELUS non-voting shareholders, with or without a physical share certificate, do not need to take any action because the company is moving to a Direct Registration System (DRS). As soon as practicable following the effective time, TELUS transfer agent Computershare will send non-voting shareholders a DRS advice form, which will represent the total number of common shares that they will be entitled to receive upon the exchange. This will allow shareholders to hold their new common shares in a book entry form without having a physical share certificate issued.