Post by
TSX-BEAR on Aug 29, 2013 11:28am
Chris Schnarr finally resigns as CEO
In 2 years as CEO he collected $ 500,000 to keep up the facade that Chris Carl
had created
I am sure that he believed there would be some success but when the solvent ssystem failed in summer of 2011 it was all downhill from there and the food companies just were not interested to risk the capital that was required
Unfortunately they borrowed more and burned all the assets and now the CCAA filing is inevitable probably mid September if there are no buyers