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Orchids Paper Products Company (TIS) Message Board

  • stockinvestor2000 stockinvestor2000 Apr 19, 2012 11:59 AM Flag

    13D Filing

    Anyone notice the 13D filing on TIS last Friday?

    A fund called Hillson Partners which owns over 5% has a proposal at the annual meeting that would give stockholders with 10% or more the right to call a special meeting.

    I'm new to this Board and would appreciate any comments or insights that anyone has. Is this the beginning of a proxy fight? Is Hillson pushing to change mgmt, get the company sold? etc.

    I'm generally in favor of anything that makes the process more democratic and gives stockholders more control, so I'm sure I'll vote for it, but I'm curious to hear what anyone else knows about this and what thoughts people on the Board might have.

    Thanks.

 
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