Clawback Question re the Inwentash When Pinetree either goes down the tubes or leaves the stockholders with virtually no value to their shares, under any circumstances can a receiver claw back from The Sheldon Inwentash??
It seems that crooks and crooked behavior should not be rewarded even if the degree of crookedness is not sufficient to be considered criminal crookedness.
Will the Pinetree debacle and its history of stockholder abuse lead to any kind of significant regulatory reform??
I have no idea what will happen to Pinetree as to resolving the debt and the effect any resolution will have on the stockholders equity. My guess is that Inwentash, if he has the money he glommed from the company, may put some down if he sees it as saving himeself from accountability or delays the accountability. Beyond that it seems very bad for the stockholders. If Pinetree was still all in junior mining companies and the selections were not too bad ( a big if and I am not up on the holdings) than there would be a reasonable chance of a significant upside. But when a proven idiot like Inwentash changes to Tech stocks the chances become unpredictable and not encouraging. Lets define an idiot here in this perspective. When John Mc Cain ran for president of the US in 1908 a reporter tricked him into admitting he did not know how to use a computer. Surprising. I think its reasonable to say that if would not be prudent to assume as a certainty that the Sheldon Inwentash knows how to use one either. :)
Canada Moose