On September 7th 2007, I posted a story on this blog titled “The Empowerment Of Online Investors – It’s Here For Good”. In that story, I stated the following:
“What does this mean for small-cap and micro-cap CEO’s?
Online investors have almost as much power as you do when it comes to the future
of your company. Unhappy investors are no longer relegated to the vacuum of “harsh”
e-mail and letters to express their discontent. Today, investors can rally in short order
via video, blogs and online forums to challenge you at your next AGM, oust you from
your position or even elect their own slate of directors.
In fact, not only is this possible, I’ll go as far as predict it will actually happen in the
next 12-24 months as investors make Web 2.0 a part of their daily investing lives.
I’m the biggest proponent of great small-cap and micro-companies but we all know
there are still many companies out there deserving of being the first target of an online
shareholder revolt – and I’ll be the first to applaud it.”
APPLAUDING SHAREHOLDERS OF AURELIAN RESOURCES
Well, here we are just 11 months later and the first real small-cap revolt is on courtesy of the shareholders of Aurelian Resources. Moreover, AGORACOM is the vehicle allowing shareholders to unite. A proud moment for us indeed.
I said I would be the first to applaud it, so bravo to all of you for your efforts. True to my word, I want to congratulate “The Informed, Educated Aurelian Resource Investors” group for its activism efforts.
By amalgamating all shareholders for the purpose of educating, communicating, sharing and analyzing all aspects of this potential acquisition, you have given yourself the opportunity to generate greater shareholder value through:
* Rejection of this offer
* Sweetening of the current offer
* Attracting a better offer
This ordeal is long from over, so don’t give up. Continue to push for a better deal if the majority of you truly believe the Kinross offer is insufficient ….and let AGORACOM know if there is anything further we can do to help the cause.
Best Regards,
George, Paul and the AGORACOM Team
