Northstar (usa)- Imp (ns)

[Biggles]

After a couple attempts of taking over Vector Aerospace in the sense of becoming primary shareholders, it appears that the wheels are in motion for it to be made official. Is there any truth to this and/or is anyone in the know?

[Mike Reyno]

Hey Biggles!

 

Yes, it looks like the wheels are turning. I'm hearing from good sources that we are about to see a takeover of Vector by Ken Rowe at IMP and Northstar Aerospace. It supposedly has enough shares to install its own board.

 

Also saw an interesting article in the National Post this weekend. It says senior executives at Vector Aerospace, Mark Dobbin, chairman and chief executive, Paul Conway, president and chief operating officer, and Max Parsons, chief financial officer, were to be paid $35 million! The company doesn't have enough money to pay them!

 

Apparently ACRO was one of the only companies within Vector to actually be doing well financially, but overall Vector's other fixed wing companies were not.

 

Here's the link to the story in the National Post.

 

http://www.nationalpost.com/search/story.a...B2-8A5DD71ECC9F

[Biggles]

Thanks Mike, that confirms exactly what I heard and have been hearing since late spring (in the tentative "hostile take-over" threat days). My my, gimme 35 mil (heck just the one or two) and I'd be quite happy :up: - hehe The board fellas are definitely no fools, tiny or not !

[widgeon]

isn't this what they call a poison pill ?.

Where will a white knight come from to save the Codson ?.

 

Will we see Rudy P at the the helm ?.

[407 Driver]

Rudi P ?? Wasn't he the captain of the Titanic?

[Elvis]

You are correct 407 ,Rudy was at Bell.

 

:elvis: :elvis:

[widgeon]

Too funny Elvis.

[407 Driver]

....Even I have to admit, that was a GOOD comeback ! That was many years ago Pall-a-dino was selling for Bell, I was hoping to make the reference to the sinking of CHW, and to a very short lived career at E-USA, but Ya got me !!!!

[chuckles]

When did Mr. P leave EC USA? Any news on where he ended up?

[widgeon]

Mr Paganini (a fair fiddler so I am told) took the helm around sept 2002 . Olivier F who went down about the same time is now running the MHP proposal in Ottawa. I have no doubt that Rudy will re surface some time soon .any Paladina is a pal of mine.