As the world gets back to the grind from a long weekend, a group of Research In Motion (RIM) shareholders have decided to start taking steps in their own hands as their frustration with the company they have invested in continues to grow. Shareholder Jaguar Financial Corporation (TSX: JFC), who holds shares in RIM issue a press release this morning calling for what it suggests as “maximization of shareholder value” which could include a possible sale or spin-out of certain RIM patents.
“The status quo is not acceptable, the Company cannot sit still. It is time for transformational change. The Directors need to seize the reins to maximize shareholder value before more market value is lost.” according to Vic Alboini, Chairman and CEO of Jaguar.
As the day plays out, it will be interesting to see if this type of public revolt has an impact on the stock, it closed on Friday at $29.59.