Post by
CaptObvious69 on Apr 09, 2024 2:32pm
Is the CISC board abandoning ship?
The self serving incumbent CISC board spent more than $150,000 fighting to not let a single concerned shareholder that represented 42% of the company on the board and now they themselves are abandoning ship. The writing is clearly on the wall. CHairman Paul Gaynor and his 'partner in many thing' CFO / President Michel Pepin continue to drive this company in the ground.
From what I hear on the street this duo cpmspired to remove the former CHairman / CEO Drew Reid as he was starting to look into the MFD deal gone wrong, whereby Paul Gaynor who received more than 10,000,000 CISC shares and plenty of cash for a company that within weeks of closing lost half of its revenue from the largest client leaving. Does anyone believe the largest client which had a long standing client would not have given some advance notice to Paul Gaynor? Of course they would. But it appears he intentionally hid this fact. Guess who let it slide and signed off on it? No other than his close associate Michel Pepin. Yes the same man in charge of Paul's estate!
Noteably, the FOunding Chairman & CEO the late Peter Mc DOnald was also looking into this matter just pripr to his death. This whole thing stinks to high heaven!