Jan 29
How to Get even with Livingston - the RIV! - we need your ideas!
So you are all upset with the RIV! They will not serve the Canadian Public. but appear to be in the pockets of the Car Manufacturers.
One way to get even is to buy some of their shares - LIV.un - and then go to the shareholders meeting and raise hell! Even 1 share entitles you to vote and attend the meeting. Maybe we should hold a CWB conference at the same local on the same day.
2008-01-29detailed-quotelivun.pdf chart.pdf
Another way is to sell their shares short! If enough of us do it together what would happen?
Today was an ex-dividend day, watch how the boys at Bay street drop the price over the next couple of weeks! They do this so they can buy it back at cheaper prices and take advantage of the monthly distributions!
Are Transport Canada employees allowed to buy shares in Liv.un? Would it be considered a conflict of interest? I wonder if Mr. Cannon owns any shares? Brian who you say?
Here is their 3rd Quarter report - do they mention the RIV revenues that are around 10% of their revenues?
What do our members think of this type of initiative? Should we make it a “forum” topic? Or should we just wait until TC or The RIV decides to answer our e-mails and provide us with answers to our questions?
January 29th, 2008 at 9:32 pm
Information made public, indicates that the RIV took in revenue of approximately $200.00 per vehicle for an approximate 160,000 vehicles, during 2007. That adds up to $32,000,000.00 gross revenue, off the RIV, in one twelve month period. This a very large revenue source, particularly when added up over a period of many years. All of this revenue is collected from vehicle owners, for supposedly providing a service, that is totally unnecessary, does absolutely nothing, for the public and only serves to help the manufacturers to manipulate and control the marketplace.
January 29th, 2008 at 11:41 pm
As much as I do not like RIV, or Livingston for that matter, I do not think that we can change this effectively without tackling TC. RIV’s function, and service, or a lack thereof is a symptom of the years of mismanagement of the Public trust by TC. Sure we can go to a Livingston shareholders meeting, but are we going to see changes? IMHO I think without the political will there will be no changes. I believe first that we need to look at a campaign that reaches beyond our forum: the Canadian public at large. - did not someone mention that we now are preaching to the converted - We can start by having a campaign to spread the word to the various car forums, on a grass-root level we could have flyer campaigns,and we can see what advertising space is available in say the Globe and Mail, Toronto Star etc … (pricy I know)
Once this is going, and the issue is more in the media, and on the public’s mind, we can apply the political pressure. And with the possibly of this being an election year, there will be town hall meetings, a good place to hammer the same old questions down … and see what reaction we will get from our elected officials.
My $0.02
January 29th, 2008 at 11:52 pm
Why have RIV get all the money. Can’t the government set up a department with similar function and get revenue. Why does the Minster not consider the idea,of sing the revenue for the public. like other services they provide for a fee. Will someone draft a letter to him and pass on the suggestion, at least in an email.
January 30th, 2008 at 12:49 pm
We have suggested this, as well we can simplify the process, if we handle Form 1 and Form 2 similiar to the insurance business. Prior to selling the car the dealer must have your insurance papers. Why not insist that a combination of Form 1/2 be approved by the RIV and faxed to the dealer prior to the sale.
All of this can be done over the internet, and when you cross the border, TC workstations, collect the funds and issue you the form 2 for Canadian tire.
The entire process could be managed by a retired Nortel employee and his wife!!!
January 30th, 2008 at 1:49 pm
A continuing strong Canadian dollar and low residual values on
used American autos sparked the increase and smashed the previous
record in 2006, analysts said yesterday.
The December figures pushed Canadian imports from the United
States to a record 189,738 cars and trucks for the year.
That’s almost 77,000 vehicles, or 68 per cent, more than
2006.
January 31st, 2008 at 3:30 pm
So, If you bought some of their shares yesterday at around $14.06, now would be a good time to sell. They finished the day at $17.90???. Wonder who is playing games!???
Volume of only 50.75K shares. This is wide open to manipulation!