RE:RE:RE:News Release - Hanky Panky Is It
About a year ago I spoke to PO about Adams constantly dumping shares.... At the time I asked him who the heck he was as I did not see him on the list of directors..... Thats when I found out he was the CFO and an employee.
At that same time PO was not paying him it seams, as he is owed $21,000 or about 15 months pay @ $1,500 / month as per the info circular.
PO said he was a long time friend and was CFO out of personal gratitude.....? Because at that same time PO wasn't paying him, so it is no wonder he sold shares every month possibly attempting to send a message. PO did a pretty good job pulling the wool over everyones eye's he came in contact with.... The directors, Adraain, Collett and even the regulators etc etc
What he should have done as CFO as the directors also should have done is reign in PO, which of coarse they didn't.....
When all is said and done, I hope that PO reaps what seeds he has sown.... some time to nurture them along in the big house might be appropiate......JMHO
When I spoke to the BCSC they gave me the run arround.... AGAIN, saying that in these times of financial stress they have to give companies some additional leaway in suviving.
She didn't think that Adams circumvented the rules as he did not take the whole placement..... what a joke.