feed the criminal 250,000 milion dollar law suit by investors.
4.9 million gift to Pierre Duhaime which has nothing to do with his departure, according to the company Directors
a new CEO another 5 million plus in promises.
56 million missing from tresury.
lets stop for a moment and rehash why we invested in SNC. Well in hopes stock increases and we make a return.
the gift, the missing money, a new CEO more stock options benefits, the possiblility that the guilty party is still working for SNC. The chief financial officer did not authorize the payments, Duhaime wrote the checks but the Directors all cliam he is not the guilty party.
the lawsuit, lawyers fees will all come out of shareholders money or profits if successful.
how much will the shares drop in value when this is announced, how will this affect quartly profits the insiders will keep on collecting there stock options performance bonuses and lavish salaries, shareholder will suffer.
why feed the criminal, by continuing to support fraud loses again again when the profit declines and shares stagnate.
write the company ask to have the money clawed back performance bonuses suspened until the 56 million is recovered, and an open letter to all shareholders from the Chief Finacial Officer telling them why this happened where the money went.
Failing this replace chief finacial officer.
contact mutual funds and take your money out of funds that hold SNC and sell shares.
bonds and debentures are the safe bet, and the insiders know this.
the next company that decides to participate in these type of business decisions will think twice.
greed will feed the criminal.