TSX:JOV - Post Discussion
Post by
DTM5 on May 13, 2012 10:40pm
The management payouts are ridiculous
I sold my position after the run above $12 - Subsequent to that fact I was disappoineted to discover the 'profit plan'. I thought that it seemed very opportunistic and unfair to shareholders.
Management has been a disaster for 10 years and they finally make shareholders a little money - So they decide to pillage the company's coffers? Makes Conrad Black look like a choirboy - Lets hope the OSC gets involved.
Bravo to Stornoway for blowing the whistle. I won't consider investing in this company's stock or its products / services knowing that management conducts themselves in this fashion at the expense of shareholders.
See: https://www.newswire.ca/en/story/964247/stornoway-portfolio-management-requests-full-disclosure-and-reconsideration-of-the-jovian-capital-corp-senior-management-profit-plan
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