Post by
Kherson on Oct 17, 2014 4:13pm
Real CFO's Lead By Example...
As you all know by now, I have absolutely no respect for what Richard McLellan brings to the table as the CFO for Canexus. I will give you all a prime example:
If you would be so kind as to check out Canadian Insider, you will find the following information on our poor example of a CFO. On August 8th of this year, he acquired 924 shares of CUS for $4.66 under a share purchase plan. On that same day, he sold, or allowed to be sold those same shares for $5.00, for a total profit of about $300 bucks!
Now think about that for a minute, Canexus has been having financial problems for about a year, our new CEO had been buying stock on a regular basis, but our CFO made a quick $300 bucks by selling his few shares! Folks, what kind of optics does that present to the markets? If Canexus is really in turn around mode, then why the heck is Richard selling his measly number of shares?
To the BOD, you know exactly what you now have to do!
Kherson
Comment by
milehigh on Oct 18, 2014 7:20am
This post has been removed in accordance with Community Policy