Post by
StockwatcherVan on Feb 18, 2014 6:55pm
CEO? President? Insolvency Expert?
As investors, we are disgusted with how the ensuing business transpired post Board change in August. I have done some substantial digging in Calgary and have found that Mr Watts was not only incompetent to anyone who has done business with him, but has mislead the public on his previous business dealings and experience. Mr Watts is still involved in a bankruptcy of his previous company Watts Mechanical who he was at the helm for over 10 years. I have been told that he made no attempt whatsoever to seek formal approval from his Hansar shareholders or the TSX to attain approval of any sort of transaction with Atikwa......odd, we were lead to believe that this was approved....His claim to have previous oil and gas experience as I understand was as a student of geology at player petroleum for a short period of time. The majority of his experience appears to be in commercial plumbing, not Oil and Gas. So what are we all missing here? This guy has a bankrupt company already owing others well over 2 million dollars, becomes CEO and President of two junior oil company's and passes himself off as an astute business man??? How?? Two bankrupt companies...how did Mr Watts get approved by TSX to become a Director?? Now he's on the board at Ivrnet......I find this whole business unusual. We can keep pounding on Kehoe, but at least Kehoe albeit his crappy management, had experience as a leader. Watts has completely mislead the public on his experience, previous bankruptcy and real business acumen. Something seems odd that he took Atikwa on with no intention of merging Hansar. Atikwa's lender has made reference that they foreclosed when they found out Hansar was not coming into the deal. Watts motives- very unusual. Very unusual. Mr Watts should spend a lot less personal marketing on himself and his experience that he doesn't have and stop passing himself off as a professional CEO, President and Board member. It appears all he knows how to do is bankrupt company's and profess he's a CEO, President and Director? Mr Watts has no ability to lead any sort of Corporation and it appears has displayed that lack of ability several times in the last decade.
Comment by
davwal on Feb 19, 2014 10:30pm
is mr. watts still involved in a bankruptcy or was he previously bankrupt and discharged.Either way,we got scammed as the commom shareholder,i work around there assets,and it was just total neglect by management,etc. man i could go on,this is just my own opinion tho.Check t.i.d. board out,to bad we couldnt get people like that to of went after a.t.k.