RE: RE: investors should protect investors We can't fight Quebec Government but we can chose to invest in every other country. What would happen if we choose to avoid Quebec companies. The Quebec Government would have to listen.
What they should have done with Talisman was develop gas fracking away from citys. Uranium mining is not going to hurt anything in Otish mountains the Feds gave approval.
The OSC, the Quebec Securities Commission, Governments are not going to help, but investors can sell their assets in Quebec companies, or refuse to invest anymore funds in the Province.
Look at Plan Norde its a farce.
SNC has debt and lawsuits are going to ruin the small investor. Mutual fund companies are buying SNC with investors funds. SNC is going to face over 2 billion in lawsuits profit is going to disappear. Hedge funds, big banks will exit leaving small investor's holding the bag. SNC insiders are going to take heafty wage increases before hit happpens. Small investors are going to take a beating again. Quebec is one province who voted against Ottawa's plan to have a National securities regulator. This vote happened before all the construction contracts etc SNC news broke . I wonder why?
Investors should pull their money out of this crooked Province until it is cleaned up once and for all.
Aecon (ARE )is a good bet until SNC is cleaned up and the insiders are fired and replaced. COO was moved to another postion he refused to report the funds missing to the BOD. He should have been let go. The board did not know about any of this right?
Why place yourself in harms way by continuing to support this crooked Quebec Government, companies particapte in fraudulent activities.
If Quebec is going to let the natives rule, move your money out of Province.
Im going to talk to my mutual fund guy move some investments, and if he doesn't see my side of it i will replace my broker.
As far as the portion i manage i have moved out of SNC, RSC to ARE, DML and other companies.