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Dollarama Inc T.DOL

Alternate Symbol(s):  DLMAF

Dollarama Inc. is a Canada-based company, which offers various assortment of general merchandise, consumable products, and seasonal items both in-store and online. The Company conducts its business through its subsidiaries, including Dollarama L.P. and Dollarama International Inc. (Dollarama International). Dollarama L.P. operates the chain of stores in Canada and performs related logistical and administrative support activities. Dollarama International has retail operations in Latin America through Dollarcity, a value retailer that offers an assortment of general merchandise, consumable products and seasonal items in stores located in El Salvador and Guatemala and stores located in Colombia and Peru. All stores are corporately owned and operated, and are conveniently located in metropolitan areas, mid-sized cities and small towns. The Company operates approximately 1,569 stores across Canada.


TSX:DOL - Post by User

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Post by yrmacon Feb 27, 2019 11:45am
95 Views
Post# 29417918

news yesterday night imho no good

news yesterday night imho no goodBut this is not affecting the sp. - .054% Glancy Prongay & Murray LLP Announces Investigation on Behalf of Dollarama, Inc. Investors T.DOL | 16 hours ago LOS ANGELES, Feb. 26, 2019 (GLOBE NEWSWIRE) -- Glancy Prongay & Murray LLP (GPM) announces an investigation on behalf of Dollarama, Inc. (Dollarama or the Company) (OTCMKTS: DLMAF) investors concerning the Company and its officers possible violations of federal securities laws. If you are a shareholder who suffered a loss, click here to participate. The investigation concerns whether Dollarama and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices. On October 31, 2018, Spruce Point Capital Management published a report alleging "[q]uestionable accounting and governance practices [that] cast doubt on management and the underlying health of the business." Specifically, the report claimed that "[t]he Rossy family's tight control over management has led to the appearance of nepotism [and] questionable related-party real estate transactions"; that Dollarama's executive compensation structure "encourag[es] aggressive accounting and inefficient capital allocation that flatters the income statement"; and that "[m]anagement appears to use aggressive FX hedges and an off-balance-sheet relationship with a Central American retail affiliate to boost margins in a non-transparent way." On this news, shares of Dollarama fell $2.02 per share, or 7%, to close at $27.08 on October 31, 2018, thereby investors. Follow us for updates on Twitter: twitter.com/GPM_LLP. If you purchased Dollarama, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Lesley Portnoy, Esquire, of GPM, 1925 Century Park East, Suite 2100, Los Angeles, California 90067 at 310-201-9150, Toll-Free at 888-773-9224, by email to shareholders@glancylaw.com, or visit our website at www.glancylaw.com. If you inquire by email please include your mailing address, telephone number and number of shares purchased. This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules. Contacts Glancy Prongay & Murray LLP, Los Angeles/New York Lesley Portnoy, 310-201-9150 or 888-773-9224 shareholders@glancylaw.com www.glancylaw.com image: https://www.globenewswire.com/newsroom/ti?nf=NzU1MDEwMSMyODAwOTE3IzIwMTcyOTE= Read more at https://stockhouse.com/news/press-releases/2019/02/26/glancy-prongay-murray-llp-announces-investigation-on-behalf-of-dollarama-inc#vKgEZYJeVK34fK0z.99
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