RE:RE:RE:RBCThe unfortunate thing about this is that Bryska is now painted by the market as being a 'serial issuer' the same as Saxburg was. After holding the reigns for a number of years and finally starting to be recognized for the turnaround, he floods the market with more shares. He's now exceeded Saxberg for total shares outstanding. It's going to be a long time (if ever) before market trusts him again.
Perhaps this was Bryska's swan song and we'll see someone else parachuted into the position. Who's next in line at CPG HQ to personally pocket $100+ million? With no serious compensation to shareholders, I'm really starting to think it's time the Canadian government look at nationalizing the sector. Pay CEOs a fair wage comparable to other public sector organizations and get rid of the free option/share performance incentives. At least then Canadians would realize greater benefit from the resources, rather than a select few in the C-Suite.
smush74 wrote:
BMO and RBC still holds about 25 per cent of the shares offered, collectively are holding about 12.1 million shares in Crescent Point that they haven’t been able to sell