Ceapro Inc V.CZO

CONFLICT OF INTEREST

[PBaelishh]

CONFLICT OF INTEREST

 

There are regulations regarding directors and CEOs disclosing their ownership stake in other entities, not to mention owning another entity, as it appears in this case, outright.  The rationale for such a disclosure requirement is to ensure that there is no CONFLICT OF INTEREST, anywhere, no matter how small.

 

Perception is everything.

 

Given there is no mention of Gagnon's ownership of Prodev Pharma in any Ceapro publcly available documents that I have been able to find...

(1) Is Gilles Gagnon using "Consulting" fees paid by Ceapro to the benefit of PRODEV PHARMA?

(2) Is Gilles Gagnon devoting time to PRODEV PHARMA that he is representing he is devoting to Ceapro?

 

It may very well be that it is nothing... then why not disclose it?  The lack of disclosure of Gagnon's ownership of Prodev Pharma smells.  
 

The board is either ignorant to it (too trusting and has not asked the question) and failed from a competence perspective or aware of it and complicit.

 

Lastly, while Gagnon can spin the numbers with his nonsense, this is an issue for the regulators now - the OSC and TMX.

 

Sources:
CLICK HERE: Gilles Gagnon LinkedIn Profile
CLICK HERE: Prodev Pharma Registration
CLICK HERE: Gilles Gagnon Spectrum/Prodev Connection

[prophetoffactz]

PBaelishh, "Given there is no mention of Gagnon's ownership of Prodev Pharma in any Ceapro publcly available documents that I have been able to find..." Information Circular for the AGM. pg. 13 "Prodev Pharma Inc., a company wholly owned by Mr. Gagnon, was paid consulting fees for his services as Chief Executive Officer" pg. 22 "President, Prodev Pharma Inc. since

[PBaelishh]

My mistake, thank you for posting. Questions remain then: (1) How many hours per week does Gilles Gagnon devote to Prodev Pharma? (2) How many hours per week does Gilles Gagnon devote to Ceapro?

[prophetoffactz]

"Questions remain then: (1) How many hours per week does Gilles Gagnon devote to Prodev Pharma? (2) How many hours per week does Gilles Gagnon devote to Ceapro?" "Management services for the Corporation are not, to any material degree, performed by persons other than the directors or executive officers of the Corporation" pg. 20 Information Circular "The CEO or

[PBaelishh]

Sorry, obfuscation is not the answer. A QUANTITATIVE response consisting of 5 characters (2 numbers - carriage return - 2 numbers) is what I (we) are looking for, assuming the response is to be made respectively. ...or perhaps you had a copy-paste-copy-copy-paste-copy-paste-copy-paste-copy-paste-copy-paste-copy-paste-copy-paste-copy-paste-copy-paste-copy-paste-copy-paste-paste-copy-paste-copy