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HPQ Silicon Inc V.HPQ

Alternate Symbol(s):  HPQFF

HPQ Silicon Inc. (HPQ) is a Canada-based technology company specializing in green engineering of silica and silicon-based materials. The Company is engaged in developing, with the support of technology partners PyroGenesis Canada Inc. (PyroGenesis) and Novacium SAS, new green processes to make the critical materials needed to reach net zero emissions. Its activities are centered around the three pillars: becoming a green low-cost (Capex and Opex) manufacturer of Fumed Silica using the Fumed Silica Reactor, a proprietary technology owned by HPQ being developed for HPQ by PyroGenesis; becoming a producer of silicon-based anode materials for battery applications with the assistance of Novacium SAS, and Novacium SAS is engaged in developing a low carbon, chemical base on demand and high-pressure autonomous hydrogen production system. The Company operates in a single operating segment, segment, being the sector of the transformation of quartz into silicon materials and derivative products.


TSXV:HPQ - Post by User

Comment by ScienceFirston Jun 06, 2021 10:34pm
162 Views
Post# 33338452

RE:RE:RE:RE:Tesla Silicone = HPQ !

RE:RE:RE:RE:Tesla Silicone = HPQ !Snowdogy ... The horrors of the collapse of Nortel have nothing to do with China.  Only about Nortel executives that were corrupted.  It's all well documented.  Some have even faced the justice but were acquitted.



3 former Nortel executives acquitted in fraud trial


Ontario Superior Court Justice Frank Marrocco acquitted former chief executive Frank Dunn, former chief financial officer Douglas Beatty and former controller Michael Gollogly on Monday.

 

In a lengthy ruling, the judge said the Crown did not meet the burden of proof required to find the three men guilty.

"I am not satisfied beyond a reasonable doubt that Frank A. Dunn, Douglas C. Beatty and Michael J. Gollogly deliberately misrepresented the financial results of Nortel Networks Corp.," Marrocco said.

"Therefore, I find each of them not guilty of counts one and two in this indictment."

They had been accused of deliberately orchestrating a scheme in 2002 and 2003 that triggered $12.8-million worth of bonuses for themselves while Nortel stock continued to tank, eventually becoming worthless as the company collapsed into bankruptcy.

Dunn, Beatty and Gollogly had been accused of adjusting the company's reserves to make it appear as though Nortel was hitting its targets.

In one instance, the company had $189 million in excess accruals, but only released $80 million so it could boost numbers during the first quarter of that year, while holding onto the rest for use in future quarters.

It's also alleged that a year earlier, Nortel's own accountants were aware of $303 million in cash reserves that were held without a legitimate reason.

Opening arguments were heard roughly a year ago, but the beginning of legal proceedings only came about after more than four years of behind-the-scenes machinations by prosecutors compiling their case.

The defence argued there were accounting errors made in the middle of a major restructuring at the company, but that no conspiracy or fraud was intended.

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