Eile õhtul toimus Toronto Eesti Majas erakorraline Toronto Eesti Maja (EM) aktsionäride koosolek mis oli kokkukutsutud „murelike aktsionäride“ grupi poolt. See „murelike aktsionäride“ grupp esindab üle 1000 aktsia. Koosolek pidi kirjade järgi algama 18.30, kuid mitmete tehniliste probleemide tõttu venis aktsiate registreerimine ja koosoleku algus rohkem kui kaks ja pool tundi üle ettemääratud aja. Rahvast oli kohal rohkesti, parkimisplats oli täis ja saba lookles kohviku eest WCdeni välja, hiljem terve tee ümber suure saali. Samuti ei tulnud midagi välja ettepanekust ettekannetega pihta hakata enne kui registreerimine oli lõpetatud, sest nii EM juhatus kui ka „murelikud aktsionärid“ (ja mõlemate osapoolte advokaadid) ei jõudnud detailide osas kokkuleppele.
Kokku oli koosolekul esindatud 3,279 aktsiat (969 A klassi ja 2,310 C klassi aktsiat), see on suurim aktsiate hulk mis viimaste aastate jooksul koosolekutel esindatud.
EM juhatuse esimees Raivo Remmel hoidis koosoleku päevakorra ja koosoleku kulgemise kindla ja paindumatu kontrolli all, seega ei toimunud sellel koosolekul ka mingisugust hääletamist, sellel koosolekul avaldati vaid informatsiooni mis suurel määral kattus juba 31. jaanuaril avaldatud informatsiooniga.
Nagu juba 31. jaanuaril, esinesid ettekannete ja seisukohtadega Madisoni projekti liikmed arhitekt Alar Kongats, projektijuht David Kalm ja Eesti Maja asepresident Veiko Parming.
Mõned uued informatsioonikillud Alar Kongatsi ettekandest:
Tartu Collage plaanib anda Madisoni projekti kasutusse 25 – 30 parkimiskohta
Kavas on järgnevad koosolekud kogukonna gruppidega: 13. veeb - spordigrupid, 20. veebruar – kool, skaudid ja gaidid, 28. veebruar – kunstigrupid, 7. märts – muud grupid
David Kalmi ettekanne oli suurel määral sama mis 31. jaanuaril, video sellest ettekandest on saadaval siin: http://www.eesti.ca/eesti-kesk...
Kui aeg oli lõpuks küsimusteks ja vastusteks, siis esiteks sai sõna Heidi Kuus, kes luges ette pikema „murelike aktsionäride“ seisukoha EM müügi praeguse olukorra kohta.
Kommentaarideks ja küsimusteks võtsid veel sõna Väino Einola, Ilmar Lepik, Epp Aruja, Margus Jukkum, Ülle Veltmann, Mihkel Kütti, Kristina Kald, Erika Jõgi, Jaan Teng, Lia Hess, Jaak Järve, Linda Liik, Paul Lillakas ja Lea Kõiv.
Koosolek sai läbi natuke enne keskööd.
Küsimuste ja vastuste osa saab vaadata allolevalt videolt.
Kommentaarid on kirjutatud EWR lugejate poolt. Nende sisu ei pruugi ühtida EWR toimetuse seisukohtadega.
Waste22 Feb 2018 11:03
Why are they proceeding? Because it would look bad if they stopped. It would look bad that they have spent an incredible amount of money and they will be blamed for wasting that money. They fear being shunned if Madison does not go through.
$10 Mil ShortFall22 Feb 2018 10:49
As I listen to everyone babble back and forth about parking; the size of the rooms; the location of the elevators etc… No one has asked the most pivotal question of all…where is all the money coming from? The Resolution was clear: if the proceeds from the sale of EH are NOT sufficient to cover the cost of the project, then they can’t close the sale of EH nor proceed with the closing of 9 Madison. The closing is EH is potentially this coming spring 2018. Have they done their proper due diligence – NO. Have they shown that the funds from the sale of EH will cover the cost of the project – NO. So why are they proceeding? Here is a realistic breakdown of cost that we know: Sale of Esto House + 3 small adjacent properties 18,000,000 maximum Siht 3 house -(3,000,000) Purchase 9 Madison -(1,000,000) Purchase 11 Madison -(3,000,000) Consultant fees -(2,000,000) 10% of 22,000,000 Reimburse initial due diligence -( 750,000) EHB loan -( 250,000) Balance Available for Madison $8,000,000
Project Cost Base Plan A $23,000,000 sq. ft. 31,500 Balance Available $8,000,000 Short Fall: $15,000,000
Project Cost Contingency Plan B $18,000,000 sq. ft. 23,000 Balance Available $8,000,000 Short Fall: $10,000,000
It is my speculation that the 4 Org’s came up with the Contingency Plan B because they already know that Base Plan A will not be financial viable. To come up with $15,000,000 would not go over well with the Madison crowd, so a Contingency Plan B was conceived. But what is Contingency Plan B – it is not what was initially promised to us back in April. Nor is it what was agreed to and voted on with respect to the Resolution. What it is Plan B? - renovated 11 Madison – a old house (not including the 4 storey back portion) and the first half of the 2 storey glass horseshoe.
What about the rest of the project? Well that is why they hired the fund raising consultant. So, just as the Shareholders have been duped with respect to the terms of the Resolution, the Madison people have been equally duped with respect to getting the best “bang for their buck”.
The only way to STOP this disaster train would be to go legal and apply for an injunction, but that would have to be done NOW. At this point it is no longer about one project vs. another, it is about financial debt…and unless Estonians have suddenly become extremely generous…it will be a huge debt. Linda
One Way20 Feb 2018 21:06
Jõuluvana must have Christmas magic on his side. Last I looked, Madison is a One-Way street. So if the street is closed and you are able get past the barriers to get to Tartu College, what happens when you want to leave?
