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Verdier, potensial og klart samme syn som Water Street
For en langsiktig minoritetsaksjonær i REC kan vel uken beskrives som innholdsrik og positiv. Vårt initiativ er helt på linje med innholdet i Water Streets brev og mener at en gransking nå er på sin plass. Etter vårt syn reflekterer budet fra Korea på ingen måte de underliggende verdiene i selskapet. Teknologi, eiendelene i Moses… Continue reading
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Value, potential, and alignment with Water Street
For a long-term minority shareholder in REC, this week can rightly be described as eventful and encouraging. Our initiative is fully aligned with the content of Water Street’s letter. We believe a formal investigation is warranted at this point. In our view, the bid from Korea in no way reflects the company’s underlying value. REC’s… Continue reading
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A letter from a trusted associate
Dear fellow shareholders, We are pleased to share a letter from a trusted associate. Continue reading
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Q1 – initial reactions
Below are some immediate thoughts and questions after today’s presentation of Q1. Excerpts from the Q&A session is from Quartr’s autogenerated transcript. In general, today’s quarterly presentation was, as feared, disappointing. The CEO seemed to be under oversight, with messages needing prior approval. Lack of communication with the initiative We sent questions ourselves, and we… Continue reading
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The Initiative’s Letters to REC – Questions that remain unanswered
In previous posts, we have referred to our attempts at communication with the company and the lack of response. In the interest of full transparency, we have now decided to publish the letters that we, as a group, have sent to the company. These are letters containing questions and requests for information that, to this… Continue reading
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Stop the steal
Originally posted on April 26th, 2025 On Thursday, the bid of NOK 2.2 per share was announced – coincidentally on the same day that Norwegian media were focused on politicians visiting the U.S. President. As a naive Norwegian, one could hope that REC’s board and management were working on a refinancing solution, especially after terminating… Continue reading
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Stop the steal
Opprinnelig publisert 26. april 2025. På torsdag kom budet på 2,2 NOK – tilfeldigvis samme dag som norske medier var opptatt av at politikere var på presidentbesøk i USA. Som naiv nordmann kunne man håpe at styret og ledelsen i REC jobbet med en refinansiering, spesielt etter å ha terminert en kontrakt verdt 3 milliarder… Continue reading
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Friday’s Stock Exchange Announcement – Some immediate thoughts: Financing, the Black Box, and Our Activities
Originally posted January 26th, 2025 Friday’s stock exchange announcement was released at a time that, for many Norwegian shareholders, fell somewhere between the last glass of red wine and bedtime. While the timing can be considered unfortunate, the content of the announcement gives reason for both optimism and some concern. On the positive side, a… Continue reading
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Fredagens børsmelding – Noen umiddelbare tanker: Finansiering, den svarte boksen og våre aktiviteter
Opprinnelig publisert 26. januar 2025. Fredagens børsmelding ble sendt ut på et tidspunkt som for mange norske aksjonærer falt mellom siste glass rødvin og sengetid. Dette tidspunktet kan tolkes som uheldig, men innholdet i meldingen gir grunn til både optimisme og litt bekymring. På den positive siden bidrar et selskap tilknyttet største aksjonær med ytterligere… Continue reading
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74 million shares, an upcoming crowdfunding campaign, and broad coverage in the financial press
Originally posted January 11th, 2025 It has been just over three weeks since the initiative was launched, and the latest status shows support amounting to 74 million shares. However, we still need your contribution! If you have legal experience, media training, expertise in internal audits/investigations, or suggestions for potential board members, we encourage you to… Continue reading
Make REC Great Again! 