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TS03 Inc Trust Units TSTIF



GREY:TSTIF - Post by User

Post by ImmanuelK1774on Jul 23, 2019 3:45pm
166 Views
Post# 29952251

Glen Kayll continued

Glen Kayll continuedI want to pass along this quote from the Sprucepoint short report to remind you all of all of the warnings we have been given about these guys.  And no one, myself included has done anything about it.

Mgmt & Employment Issues: TSO3 management owns less than 1% of the company’s shares, and has no alignment with investors. Their main incentive is to collect bloated salaries, and care little if TSO3 continues to stuff shareholders with losses. Management itself is quite poor: its last CFO (Benoit Deschamps) left after its apparently pivotal 510k approval – another ominous sign. TSO3’s new CFO Glen Kayll was a board member at Argex Titanium (a failed stock promotion). CEO Ric Rumble was director at Bioexx which is now delisted. Employees typically know best: we estimate almost one third of TSO3 employees have left the Company since early 2015. The majority of employees that left lasted less than 18 months
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