SEAN GUEST: RETAIN YOUR RECORDS - LEGAL.Fellow Shareholders,
In our continuing efforts to oust Mr Sean Guest and the incompetent Management Team, we are sending the following letter to Valeura's lawyers.
Two years of no results and above average compensation must stop: for the shake of our company, and our free market system that this management team corrupts with their continuing behavior.
As always we look forward to your input.
Valeura Shareholders Association
Courage is contagious ____
WITHOUT PREJUDICE Mr. Luigi A. Cusano, QC
Managing Partner
Torys LLP
525 – 8th Avenue S.W., 46th Floor
Eighth Avenue Place East
Calgary, AB T2P 1G1
February 25, 2022
Mr Cusano,
We have initiated investigations of Valeura Energy Inc. through both the Toronto and London Stock Exchanges. Please ensure all client records are retained especially as they pertain to third party communications.
So as to not disadvantage investors, the investment community, and the public at large, we ask that the company make any statements through a public press release, if deemed necessary.
Sincerely,
Valeura Shareholders Association AndyPap wrote: Fellow Shareholders,
Further step in our campaign to oust Sean Guest and the incompetent Management Team is the notification of the Auditors of the company with the following letter.
Two years of non performance with inflated compensation packages must stop. This is what corruption looks like: of our company and the free market system.
We appreciate your input.
We shall persevere and we shall prevail.
Valeura Shareholders Association
Courage is contagious
--------
WITHOUT PREJUDICE
Mr. Murray P. Suey
Managing Partner
KPMG LLP
205 5th Avenue SW Suite 3100
Calgary AB T2P 4B9
February 21, 2022
Mr Suey,
We have initiated investigations of Valeura Energy Inc. through both the Toronto and London Stock Exchanges. We ask you to notify your client to retain any and all records especially as they pertain to third party communications.
So as to not disadvantage investors, the investment community, and the public at large, we ask that the company make any statements through a public press release, if deemed necessary.
Sincerely,
Valeura Shareholders Association
-----------
AndyPap wrote: Fellow Shareholders,
As part of our campaign to expose what appears to be corruption in our company: Valeura Energy Inc., VLU in London, the following email was sent to the Chief Internal Auditor of the London Stock Exchange (LSE) to investigate the company. VLU is listed on the LSE.
https://www.lseg.com/whistleblowing
Please feel free to borrow, modify, use as you see fit the following email. We encourage you to send it to the Chief Internal Auditor.
We have not even begun to fight this apparent corruption.
More steps in the initiative coming soon.
Valeura Shareholders Association
Courage is contagious
------
Chief Internal Auditor, London Stock Exchange,
SpeakUP@lseg.com
We ask your office to investigate a London Stock Exchange listed company, Valeura Energy Inc., under the symbol VLU, for potential:
- Corporate Transaction on non arms-length terms.
The sale of corporate assets in 2021 to a party with close ties to the Board of Directors of Valeura Energy Inc. at what appears, even in the circumstances prevailing at the time, as disturbingly deep discounts.
- Compensation beyond industry norms.
The compensation of the Executive Team and the Board of Directors is excessive by any measure for a junior Oil and Gas company greatly diminished by the failure of its major project. This was reported at Yahoo, Finance a year ago: “We Think Shareholders May Want To Consider A Review Of Valeura Energy Inc.'s (TSE:VLE) CEO Compensation Package”
- Market Manipulation.
The posts on the Stockhouse website:
https://stockhouse.com/companies/bullboard?symbol=t.vle
as they appear to us blatantly manipulative. We ask that the links of the posters to the Management Team and Board of Directors be investigated for potential market manipulation over the last two years. We have good reasons to believe this to be the case.
We express these concerns as both investors in Valeura Energy Inc. and participants in the free market system.
If your investigation confirms our concerns, as the concerns appear to us that are corrupting both the company and the free market system, we ask that should these concerns be verified, the responsible parties be punished publicly and paradigmatically so as to dissuade similar corrupting behaviors by others.
We remain open to any questions you may have and would be prepared to testify as required.
Finally, we have asked the Toronto Stock Echange (TSE) to investigate, as the company is listed on the TSE, and the contact there is:
Valrie Douville
Phone: +1 514 788-2426
Email: disclosure@tmx.com
Regards,
----------