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Bullboard - Stock Discussion Forum Supremex Inc T.SXP

Alternate Symbol(s):  SUMXF

Forest Products Paper & Paper Products
Supremex Inc. is a Canada-based company, which manufactures and markets envelopes and provides paper-based packaging solutions designed to the specifications of national and multinational corporations, direct mailers, resellers, government entities, small-medium enterprises (SMEs) and solutions providers. The Company operates through two segments: the manufacturing and sale of envelopes and the... see more

TSX:SXP - Post Discussion

Supremex Inc > Departure of CFO
View:
Post by emiltech on Feb 28, 2023 12:50pm

Departure of CFO

Very few info on what was brewing in.

Possibly a personal conflict or a human relation dispute on the pay being asked for by the CFO to continue to serve? Who knows!
Comment by savyinvestor333 on Feb 28, 2023 1:31pm
Just guessing but.Maybe it has something to do with the due diligence of our e of the latest acquisitions. Market always hates a unplanned CFO departure
Comment by emiltech on Feb 28, 2023 3:03pm
Yeah, may be, but the end of this story is that SXP Management did not consider this as requiring any more details to be part of public divulgation under existing Regulations. So... DYODD.
Comment by savyinvestor333 on Feb 28, 2023 3:16pm
yes and that is what is causing the uncertainty. Maybe a little explanation would go a long way.
Comment by HermannHaller on Feb 28, 2023 3:49pm
The CEO has been with the company for 33 years. The head of envelope for 25 years. In that time they have done about 20 acquisitions. I can't believe this CFO, only there a year, had any big role in the latest acquisitions. When a stock is down, people start to make up all kinds of things to worry about.
Comment by Undeniable on Feb 28, 2023 4:03pm
Agreed!
Supremex Inc