tag:blogger.com,1999:blog-7141615629701321642.post2482793609180601281..comments2024-01-07T08:41:13.864-05:00Comments on C A I T I - O N L I N E: Hey BCE Directors: What's the big deal?Brent Fullardhttp://www.blogger.com/profile/08515599756822506137noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-7141615629701321642.post-91451623442066461032008-11-28T00:51:00.000-05:002008-11-28T00:51:00.000-05:00A great example of how Canada' business elite work...A great example of how Canada' business elite works.<BR/>(1) Take the money<BR/>(2) Back slap<BR/>(3) Fuck the dog<BR/>(4) Screw the shareholders<BR/>(5) Use political connections to bail you out of trouble.<BR/>(6) Chicken shit media will cover for you.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7141615629701321642.post-36267214874350788642008-11-27T14:06:00.000-05:002008-11-27T14:06:00.000-05:00It appears that these folks went to the Jim Flaher...It appears that these folks went to the Jim Flaherty school of Economics.<BR/><BR/>1 + 1 = 3<BR/><BR/>Good going guys.<BR/><BR/>And like Flaherty , who was harmed in the making of this movie , only investors as usual.<BR/><BR/>Another deserving lesson for them , I take it.<BR/><BR/>Dr Mike Popovich.Dr Mikehttps://www.blogger.com/profile/16915911929286615081noreply@blogger.comtag:blogger.com,1999:blog-7141615629701321642.post-86354277595315270142008-11-27T12:54:00.000-05:002008-11-27T12:54:00.000-05:00Hey Sandy, That’s cheating. You went to the source...Hey Sandy, That’s cheating. You went to the source document. Don’t you know that a Director’s fiduciary duty in Canada is best comported by ad libbing and shooting from the hip?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7141615629701321642.post-52815562327651133422008-11-27T12:53:00.000-05:002008-11-27T12:53:00.000-05:00From the Management Information Circular dated Aug...From the Management Information Circular dated August 14, 2007. Specified earnings and asset coverage were required. Did they read the circular?<BR/><BR/>Both the 76 Indenture and the 97 Indenture provide that Bell<BR/>Canada will not secure any Debt (as defined in those indentures)<BR/>without providing concurrently therewith that the debentures<BR/>issued under such indentures (and any other Debt subject to a<BR/>similar covenant) will be secured equally and ratably with such<BR/>Debt. In addition, the 76 Indenture provides that Bell Canada<BR/>will not guarantee any Funded Debt (as defined in the<BR/>76 Indenture) (subject to certain exceptions) ranking equally<BR/>with the Debentures issued under the 76 Indenture unless at the<BR/>time of the incurrence of such new guaranteed Funded Debt<BR/>(i) all Funded Debt of Bell Canada outstanding at the date of<BR/>such proposed guarantee, including the new guaranteed Funded<BR/>Debt, does not exceed 66 and 2/3% of “Tangible Property of Bell<BR/>Canada” (as defined in the 76 Indenture); and (ii) a specified<BR/>earnings coverage ratio is met. Bell Canada will comply with<BR/>these restrictions in connection with its guarantees and related<BR/>security for the acquisition financing.<BR/>In order to ensure compliance with the terms of the<BR/>76 Indenture, prior to entering into the Senior Credit Facilities<BR/>and Hedging Commitment secured by the Pari Passu Guarantee,<BR/>BCE will calculate, as required by the terms of the 76 Indenture,<BR/>the “Funded Debt” and “Tangible Property of Bell Canada” in<BR/>order to accurately determine the permitted amount of the Pari<BR/>Passu Guarantee.<BR/><BR/>J.A. (Sandy) McIntyre<BR/>Senior Vice-President and Chief Investment Officer<BR/><BR/>Sentry Select Capital Corp. <BR/>The Exchange Tower<BR/>130 King Street West, Suite 2805<BR/>Toronto, ON M5X 1A4<BR/>Tel: 416-861-8729 x 237 1-888-246-6656<BR/>Fax: 416-364-2398 Cell: 416-995-0148Anonymousnoreply@blogger.com