investing
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Our proxy holder
Dear fellow shareholder in REC Silicon, In just about a week, the battle for REC Silicon will take place. At the general meeting, proposals may be presented by Water Street and us – for example, the election of board members who can clean up the current mess and, most importantly, safeguard the interests of all Continue reading
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The Nomination Committee’s Destructive Proposal, Our Response, and Our Ballot
Dear minority shareholder, This initiative was launched with a clear purpose: to initiate an investigation into key events at REC Silicon and to ensure the election of board members who genuinely represent the interests of all shareholders. We now clearly see that there should be sufficient support among shareholders to reject the sham offer, and Continue reading
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#StopTheSteal
The bid document has arrived – an obvious lowball offer, best suited for the recycling bin. Before long, we believe the company can be valued very differently. Many are watching closely, calculators in hand. The bid deadline is June 24, so there is plenty of time. And much will happen before then. Then came the 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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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
Make REC Great Again! 