Post by
grandpa67 on Sep 02, 2019 9:18pm
Corporate Greed at the Shareholders Expense
This is an email I sent out to all Argex board of directors,the AMF,Michele Kadigiri,and most all of the news media I had posted to you before,eg. fifth estate bnn, go public, marketplace, assignment montreal etc.
Where is the future of humanity heading to?
Our story is one that many can relate to. It is about corporate corruption that is destroying the lives of decent hard working individuals. The plight of the common retail investor who invested their trust, faith and money in the hands of corrupt CEO's and Board Directors.
Our situation and fellow Argex Titanium Inc. shareholders are unfortunately experiencing first hand the devastating results of such corruption. We believed that our corporate leaders would act ethically and with the utmost integrity on behalf of the corporation, that they would abide by their Fiduciary Duties and make decisions that would only be in the best interest of the corporation.
Instead our corporate leaders of Argex Titanium Inc. led shareholders to believe all was well with the company, News Releases gave exciting updates of perfecting the technology and great deals in progress that would be gamechanging to the Ti02 industry.Private placements were steadily achieved. Shareholders were never informed of financial difficulties. Please readlink below regarding News Releases.
https://www.canadianinsider.com/company-news?ticker=RGX
Shock and disbelief hit Argex shareholders June 18, 2019 - Notice of Intention.....this only 2 weeks after such great news of ECEC signing,Joint Ventures, China plants, Quebec construction,etc.
Where in any of these Releases does it portray Argex was in trouble? Nowhere. Shareholders were ecstatic, years of patience was paying off,Argex would be a gobal major Ti02 competitor.We were intentionally led down the golden path only to be betrayed by their wilful misconduct and gross negligence.Our corporate leaders decided unanimously that going private would be a better alternative for their goal of self enrichment.The privileged shareholders in the know were the somewhat lucky ones, they were given the heads up and were able to sell, the rest of us, well we were yesterday's garbage left at the curb. Corruption at it's Finest.
The most astonishing and appalling part of all this is how our corporate leaders achieved all this with the aid of their LIT - Pricewaterhousecoopers and our justice system.To better understand our situation please read link below,
https://www.pwc.com/ca/en/car/argex/assets/argex-008_083019.pdf
Perhaps someone could also explain to all Argex shareholders why the invoice regarding The Engineering and Technology Package from The US Providers was not paid by Argex in April of 2019? PWC states in the link above that The Engineering and Technology Package is "Crucial to the Future Of Argex's Business". Our corporate leaders were well aware of this and in my humble opinion and many others, intentionally did not pay said invoice so as to delay deals in progress and secure their position to take Argex's technology for their private company, sign China and Vietnam for themselves.Had our corporate leaders paid said invoice,($170,961.19) in April, 2019, deals would have been finalized,monies would be paid and Argex would be on it's way to being a multi-billion dollar company. Mr.Alnaimi, Board Directors and PWC, how was this decision to not pay The US Providers in the best interest of the corporation?Now suddenly the invoice can be paid?Mr.Tadros is this part of the restructuring plan, was that not your mandate to keep Argex from bankruptcy by all possible means?Will Argex be kept as a public company now? If funds were needed to pay for this vitally important package for Argex's continuance, why were shareholders or private placements not an option for raising funds?
PWC also states in the link above that Argex has acted and is continuing to act in good faith and with due diligence........Nothing regarding this situation could be further from the truth,if there had been actions of good faith on the part of our corporate leaders from the very beginning, we would not be in this ugly and life shattering mess.
What does the future hold for humanity when such an atrocity of misjustice is supported and condoned by respectful organizations and our legal system......Just how far does the the long arm of corruption reach?
To all the corrupt CEO'S,Board Directors, Legal Professionals,LIT's and the Justice System.............Proudly add to your Resumes - under accomplishments -
The ability to, in good conscience, destroy thousnads of lives financially and emotionally all in the name of Greed.
Creditors should band forces with shareholders and put a stop to this gross miscarriage of justice, class action lawsuits and media attention should be our mandate.
Our lives will never be the same again, the world will never look quite right anymore. You all can be proud of that too and set the example for the next generation. Money at whatever the cost = destroyed families and individuals
Lost in Canada
Respectfully grandpa 67
Comment by
Ontario1 on Sep 03, 2019 2:20am
Thank you very much Grandpa!! The change of company names or persons in the management of public limited companies is taking on increasingly scurrilous forms and it now seems to be normal ?? Best example LG Capital - QBA - ELXR with one of the Argex directors.
Comment by
Menace46 on Sep 03, 2019 8:33am
Very well said Grandpa. If regulating authorities are not going to look into this we definitely need to move forward with a class action suit. Would any law firm out there consider taking this case with a share/incentive based payment? That may be a way to get more shareholders involved..., thoughts?