Bullboard - Stock Discussion Forum dynaCERT Inc T.DYA

Alternate Symbol(s): DYFSF

Industrials Metals & Mining

dynaCERT Inc. is a Canada-based company, which manufactures and distributes carbon emission reduction technology along with its proprietary HydraLytica Telematics. It is engaged in the design, engineering, testing, manufacturing and distribution of a patent pending transportable hydrogen generator aftermarket product. Its HydraGEN Technology uses simple electrolysis to turn distilled water into... see more

Add To Watchlist

TSX:DYA - Post Discussion

dynaCERT Inc > The next phase of this dilemma is about to unfold

View:

Post by SIMPLICITI1 on Apr 06, 2022 2:50pm

The next phase of this dilemma is about to unfold

This needs to be shutdown now! Before any more money is lost to the Keystone Cops.

Management tells me they'll be engaging legal counsel to challenge the audit and recover some of the monies lost to options, software, non arms length investments and the like.

Serious conflicts of interest here as hiring independent legal counsel is one thing, but how can people that received the benefits of this shenanigans be involved in managing the recovery effort?

This is an absolute SH*TSHOW...... and if it doesn't become one on its own.....well here is your chance......

The first thing we want to see is Payne and Colin writing cheques to the tune of $400K for the investment in Global Power and Placements. This should be press released.

Then I want the names of the officers/directors that owe money for the options they cashed in but failed to pay for to be published. Just a nice, short, notice by the company stating that the company is attempting to recover funds from former officers and directors and in negotiations with them to do so. That will ensure both sides are motivated. Get ready for a food fight.

Then I want to see the paper work for the options transactions. Who signed off on the loans? What's contained in those loan documents?

Its a good start..... suggestions?

236

Comment

Comment by DANTEandDynaDUD on Apr 06, 2022 3:07pm

This post has been removed in accordance with Community Policy

Comment by Hejhog on Apr 07, 2022 11:16am

lol: "($701,880) of renovation expenditure paid to an entity controlled by the family of an officer and director of the Company"

Comment

Comment by DANTEandDynaDUD on Apr 07, 2022 11:26am

This post has been removed in accordance with Community Policy

Comment by DANTEandDynaDUD on Apr 07, 2022 11:32am

This post has been removed in accordance with Community Policy

Comment by Hejhog on Apr 07, 2022 12:41pm

Lol: During fiscal 2020 and fiscal 2021, the Company entered into a series of loans in connection with the exercise of stock options (“Option Loan”), including a loan in the principal amount of $340,000 to a director and officer of the Company and a loan in the principal amount of $199,238 to an employee of the Company. During fiscal 2021 these individuals sold the underlying securities relating ...more

138

Comment

Comment by WealthBuilder99 on Apr 07, 2022 1:03pm

Looks like fraud to me. A total of $1m was loaned to directors. Can't help but wonder if Jim Payne has been buying shares with money borrowed from the company. We know one of those is Jean-Pierre, who's the other one, Jim Payne?

146

Comment