...no show by Kahn. Has he ever showed up for anything at the appointed time? What a sack of sh!t that guy is.
Minister Khan returned to embark ex Sidora
Thursday, March 3, 2011
The minority co-owners of Siderurgica del Orinoco met another day of protest against the CVG, which have called for a definitive answer on the redemption of shares.
Maria Ramirez Cabello
mramirez@correodelcaroni.com
Antonio Garcia Jr. Photo
About 500 shareholders attended the Wednesday morning to the headquarters of the Timber CVG to dairy. So has the ministerial committee co-owners of 20% of the share capital of the Alfredo Maneiro Siderurgica del Orinoco (Sidor), around the final answer on the redemption of shares.
Again, on the morning of Wednesday waiting for the definitive answer of the Minister of Basic Industries and Mining (Mibam), Joseph Khan. Shareholders gathered from approximately 8:00 am at the head of the Corporacion Venezolana de Guayana (CVG). There was no response.
High-level commission said the Minister Khan had not yet taken the final decision. The co-owners decided to take the CVG Sidor to press a response. Shortly before five o'clock in the afternoon, they reported that the owner of Mibam undertook to respond on Wednesday.
The principal director of the steelworks and representative of the Class "B", Pedro Acuna, stated that "were not able to reach an agreement on the price of the shares, because they need the recognition of Minister Khan."
Is expected, then, who is next Wednesday when the investors know the outcome of the review of the proposed reimbursement of more than 6 000 minority shareholders.
More than 6 000 in list
From October 2009 to January 31, 2011, 6000 owners 670 014 000 840 3,000,000 class "B" of Sidor, which constitute 47.48% of lot of class "B" and 9.5 % of capital stock of the company, has formally expressed its desire to secede from the corporation, as evidenced by the log file and correspondence and various documents filed CVG.
The more than 15 000 owners of class "B" should give them the opportunity to secede from the company, but now raised a first round takes place to address those concerned, the vast majority present socio critical economic.
Proposed transfer
Given the differences over the implementation of Article 282 of the current Commercial Code, shareholders agreed to apply the principle of justice and equality supported by the CVG in July 2010, setting a baseline for determining the transfer price of Class "B" in Buenos 222.93 per share, signed with the Amazonia Consortium the contract for the sale of shares held on May 7, 2009.
The amount shall be adjusted for inflation in accordance with International Accounting Standard No. 29 and upgrade to constant values, using the National Index of Consumer Prices (CPI) published by the Central Bank of Venezuela (BCV).
Alfredo Ascencio (23 years of service, Plans cold): "We expect a positive response and assume the payment of our actions. Enough of us are ball Wednesday to Wednesday, we're tired. "
Margarito Alcalá (30 years of service, electric ovens): "I ask the Minister Khan to rule on the payment of our actions. We have so much time waiting and not give us definitive answers refund. "
Luis Idrogo (20 years of service, reduction): "We expect a final response from CVG. Sincerely keep the shares does not yield profits. Sidor Since I left, I defend myself financially with a taxi. "
Mauro Benitez (32 years of service, Tube Factory): "We demand that they pay us the resources we invest. Must respect our rights. I want to separate to finally meet the refund. "
