AU shares

[melvill]

karmichel, I have the same question - what happens to shares that aren't tendered? I know a couple of shareholders that are well into their 80s who still aven't received the packages and AU has no elevators less than 2 hours away to help them. What happens to them if they don't tender their shares? On Monday I phoned one of the companies that is supposed to be looking after answering these questions and I haven't heard back from them yet (Thursday AM).

[AdamSmith]

Ok guys, this isn't that hard.

First don't worry about the May28 date.

That date was because of other deals SWP had going. And the deal was that SWP needed 75% of AU's outstanding common shares tendered. Between ADM and the institutional investors, the 75% was going to be easy without the small farmers shareholders.

As far as not tendering, once this deal is done AU will no longer exist so those shares will become worthless eventually. So tender them otherwise you can wall paper the outhouse with them.

Lastly I got my packages in the mail last thursday, and had them filled out and in the mail later that afternoon.

There are different forms supplied one is to be used if you have your share certificates, the other one is if you don't. And there will be seperate packages for Common shares and preferred shares.

You, fill in the share information, ie. the share certificate #, and the number of shares the certificate represents and the number of shares being tendered (this should be the same number)

Then a little further on in the tender letter, you will fill in the name you want your check issued in and the address to be sent along with your SIN number.

Then a page or two later, sign where it says to sign.

Insert the whole letter plus your certificates (if you have them) in the envelope provided and put it in the mail. I sent mine by rgistered mail.

Then in about a month, a cheque will arrive in the mail.

Not hard at all.

[Southpaw]

What happens to the AU shares that are at Computershare? These are the ones that where bought with re-invested dividends. They are held at Computershare. We have no share cert for them.

[myopinion]

Burbert if you have this attitude then why were you at the AU. Maybe they just did not want your business. If the employee's at AU are actually the problem in your town, then how do you expect a different sign on the door to change that.

[myopinion]

Burbert,
At times I find reading your statements interesting to say the least. Giving an off the wall opinion on things can entertain more lively debates. Yet this time you have totally lost it.
Firstly these shares are yours, AU empoyees are not brokers, why should they do the paper work for you?
Did you purchase these shares? or were they given to you back in the UGG or Man/AB Pool days for doing business with them? Most likely you don't have very many, so why didn't you take advantage (when they offered to) of AU's offers to purchase these shares with out brokerage fees?
Are you not happy with the $20.50 per common and the $24 for prefered? and not having to pay any brokerage fees there either? oh right you have to fill out some papers, damn what hard work. If I ever run into one of the farmer directors of AU, I'd be happy to shake their hand and say thanks, for executing one hell of a deal and for making AU the company it became, shows what a board of directors should do, make a corporation work, for both shareholders, farmers and its customers. A lesson another board should learn rather than play politics with farmers money.
Are employees of any place you deal with suppose to drop thier work just to cater to your needs? I'm sure if your as sour with any one you deal with as you are here, they all kringe when they see you coming. You must have no relations built with any farm businesses in your district do you?
But for your saving grace you do have the CWB to support you and keep your farm going. I do admire you for your convictions to up hold the monopoly, it shows that it does work for some. Yet you must admit not for all that is why at least us barley producers are finally getting choice. Be that to better our incomes or not, that is now our choice not a socialist choice.
Burbert, politics are your best bet for a carreer, I'd imagine the NDP need help, or else move up in the ranks of the NFU. Your commentary needs a wider audience.
My rant for the day, now back to try seeding again, still 850 acres to go, yet fields are a sponge with all the moisture here.
Erik

[rodb]

Has anyone gotten a cheque for their tendered shares?