Post by
SunDrez on Dec 01, 2022 1:16pm
Remember who is the one pulling the strings here
Watsa has a history, when presented with a conflict of interest, of working against the interests of minority shareholders and for the benefit of Fairfax. Even before the Fairfax Refinancing, in September 2019, the Quebec Superior Court rendered a judgment in which it found that Watsa and Fairfax, as insiders of Fibrek Inc., acted in a "blatant conflict of interest situation" for the benefit of Fairfax by enabling the acquisition of Fibrek at the "lowest possible price," to the detriment of Fibrek's minority shareholders who were bought out at an unfairly low price. The Quebec Superior Court, in awarding those minority shareholders $13.5 million plus interest, also found that Watsa abused his position of trust and confidence at Fibrek by failing to disclose Fairfax's true intentions to Fibrek's management, and that Watsa's testimony at trial was not credibleindeed, the Canadian judge found Watsa's explanations to be "mindboggling." The judge further described the situation as "odious" and "reprehensible." One who lacks credibility and engages in odious and reprehensible conduct to the detriment of minority shareholders is not fit to be a corporate director."""""""""""". Link is as follows. ,,,,,. https://www.prnewswire.com/news-releases/concerned-shareholder-urges-blackberry-board-to-follow-lead-of-major-corporate-governance-advisory-firm-and-oppose-watsa-as-director-301316666.html. ............ WEF CCP NWO Guy...... CCP Award winner... " New Silk Road Award". Prem Watsa working for the CCP.....
Comment by
SunDrez on Dec 21, 2022 2:20pm
Keep this in your sights... As this POS has no business involved in public markets...