GREY:NEVDQ - Post by User
Post by
rockhound3on Apr 05, 2022 1:16pm
225 Views
Post# 34577344
PALA - CODE OF BUSINESS PRINCIPLES =EXCERPTS
PALA - CODE OF BUSINESS PRINCIPLES =EXCERPTS
Given the war in Ukraine combined with the fact that while PALA has been in charge the trading value of NCU has dropped 90% I think it is interesting to read the PALA Code'
Most important;
HUMAN RIGHTS
- PALA supports the UNIVERSAL DECLARATION OF HUMAN RIGHTS ( however when has VLAD LORICH made any such comments re PUTIN Russia, or the war crimes in Ukraine = never as far as I can find. )
1.-Pala is committed to the highest standards of ethical and professional conduct!
-Pala abides by all ....laws.
- Pala frequently goes beyond them (the law)
2. -Pala has expertise in assessing and managing risks
- working with and supporting management teams
- business integrity is a key factor
3. -Pala employees may serve on the boards of its investee companies
-Pala employees who work with investee companies as advisors are expected to make 'IMPARTIAL RECOMMENDATIONS"
4. Bribes - Pala does not pay ( however there is no comment re accepting bribes )
-employees can offer or accept low value gifts and hospitality
CLEARLY the code is simply window dressing as VLAD as the owner of PALA has orchestrated things such that he has gained financial advantage over the Retail Shareholders in various interesting transactions.
NCU effectively controlled by current PALA employee directors ( #4, EVE, Southwell) & former PALA employee Brown( who certainly doesnt look independent!!)
The 3 independent directors are T Albanese, E Nutter, and Lucio Genovese
Also note that Randy Buffington the president & CEO is not on the BOARD.
Certainly makes one very suspicious that VLAD wants to hold tight controls on the BOARD
Is it not time to help VLAD head back to Russia or more importantly to get involved in humanitarian assistance in UKRAINE.
VLAD it is clear that the vast majority dont TRUST YOU.
Time for VLAD aka PALA to sell and donate 80% of their proceeds to the RED CROSS!
Rock