Post by
Sailor99 on Dec 23, 2015 11:36pm
So much wrong with all this.
And it`s so sad for many of our members yours truly included and just at the worst time.
I`m having a discussion with BG and offer no apologies.
I reread the PR many times and it`s so full of holes.
BOD.
Disinterested ?? ,but while under protection, Sensio's board of directors maintains its usual role.
I always thought the BOD was our protector, they failed miserably, not only this last one but all prior ones.
Laberge
Just at the end:
Sensio's board of director wishes to thank Richard Laberge, co-founder of Sensio, for his years of service to the corporation. Mr. Laberge will not be replaced and Sensio's chief executive officer will be assuming his corporate secretary function.
Really??, after 16 years just thanks good bye??.
And Routhier doing his job in top of whatever he is doing at a crucial time?.
Imagine the severance settlement being let go with no warning??.
How does he feel??, in late 2009 early 2010 he was worth between $14 and $16.000.000.
Now he is leaving with $82.000 and no job.
Stress, family concerns??
Bruce.
He talked with Routhier last month and was told everything was ok, did he look at the Financial Statements of the last two quarters?.
It makes you wonder.
The Caisse.
Hard to figure out, they could have lend more than $100.000 at those rates and backed by the Company, either they see no way out or just gave up.
They have in excess of $3.250.000 invested in SIO and all the power required to make changes.
As of today they were worth $332.000 in shares.
WiLan.
This is a pretty stinky fish.
They signed a deal with no settlements in sight for 12 to 18 months,unheard of.
They also got 50-50 on royalty payments from the good licences with it.
But now they will be able to buy all the licences for how much??.
AND WHY WiLan, shouldn`t it be a tender for a sale like this??.
Since when one Company gets all the cookies without competition?.
And who will determine the right fair price?.
I raised red flags on this one, let`s see what the Quebec Court says about it.
Routhier.
A real snake.
He lied and misguided everybody from the lowest employee,investors and shareholders right down to the analysts.
This $100.000 loan it`s a dirty excuse to keep the reigns for a while longer.
Will there be a Corporate Update or any update of any form??, doubtful.
How about an AGM and what could he say??.
The BOD is useless, the Caisse does not seem to care, Richard is gone,can we do something on our own?
Ralph Garcea.
He was the most versed in anything SIO, he was part of the last three PPs.
A good friend, also lied and duped.
The Studios.
Disney and Paramount are due to renew in March-April.
How can we approach them for renewal?.
What can we say??
+++++++++++++++++++++++++++
What can happen?.
How can you turn his around to make it look like we have a chance?.
How can anybody help the Company knowing our past history and knowing that Routhier will still be in charge, you have to be an imbecil or a masochist.
Like I said it`s not over till is over, but it looks bleak, to reach a comfortable level of exit at this stage looks not very good at all.
Maybe , who knows if we could get a fair price for the patents and push the heck out of 3DGo we may recoup something, by either selling or changing the guard for someone trusted by all.