RE: RE: Where are we? Checkpoint mouseman - you're right about the preferred dividends being suspended and not elminated. I understand that the dividends are cumulative on all the preferred shares. Anyone know what happens if the BOD fails to actually declare the dividend on the preferred shares while the dividend is supended?
Regarding qulaifications - Tellier's resume indicates he has a BA in Economics from the University of Ottawa. I mean no disrespect to anyone but many times that I have heard about a BA in Economics, it is a result of the student not being able to maintain passing grades in the Bachelor of Commerce program and many of the credits earned to that point in the Commerce program can be applied toward an Ecomonics degree. Anyone here know Tellier's background a bit better able to offer more insight? I couldn't find Paupe's resume but from memory I thought he had a Masters in Business Administration (not sure what the specialization was or the school attended) and I can't remember what was reported for his undergraduate degree, so he had more formal education than Tellier on paper.
BTW, I don't consider a lack of education a big limiting factor for people in general, what really matters is what they do. IMO neither Tellier or Paupe made a good showing on the results side. Paupe seemed to be taken by surprise when the bank covenant was breached and Teiiler is accountable for employing a CFO who was up to the job (as you said) and it doesn't seem like he did.
I'd like to hear what others think about this...