Last week, at the annual meeting of a Canadian silicon-processing company, the chief executive said that the company has already sued someone for spreading dangerous rumors. Or maybe he said that it was going to sue someone.
It is, sadly, less than clear what Heinz Schimmelbusch was saying during the shareholdersâ€™ meeting for Timminco Ltd., in Toronto, Thursday afternoon. These were his words: â€śThere are a few short sellers here, running up and down the streets here, making idiotic, bizarre … statements on the company … The matter is, by the way, before courts. If somebody oversteps a certain line, if he’s over the line, it’s straight going to the courts.â€ť