Post by
walker77 on Aug 07, 2016 4:49pm
LEUNG'S CHARADE OVER?
Its now been almost a month since Leung stopped "reporting" progress on the year end report that was due 3 months ago. Reporting progress was a condition placed on the company by the TSX. Leung has simply ignored the requirement
..."the Company anticipates the filing of the 2015 Annual Audited Financial Statements on or before June 28, 2016" -Paul Leung, May 2,2016.
Its clear that Leung has been lying again to the investors he sucked $30 million dollars out of.
Leung began shutting Empower down when he closed the AIC national headquarters over a year ago and then shut down 3 out of 4 AIC offices. Leung flouted the securities act laws by illegally withholding the material information of shutting down the AIC office.
This was followed by another one of Leung;s lies when he claimed he was going to build an ecommerce site.
"AIC website will be rebuilt into an ecommerce site where consumers and business customers can purchase any of the AIC home and business products and services online." -Paul Leung, June 29,2015.
All of this is consistent with the manner in which Leung and CFO Amy Chan have dealt with the people who trusted them with such a massive amount of cash.
Nearly the entire history of this company has been one lie or deception after another.
Instead of being apologetic and contrite when questioned about the company at the AGM, Leung becomes beligerent, evasive and aggressive. Leung flattly refuses to explain anything about the company or what he has done with other peoples money.
When this company is finally shut down, delisted and the website is taken down what will happen with any assets the company has? IMO Leung cannot be trusted to selloff the assets and properly distribute the proceeds. I doubt the investors will even be informed if Leung's history is any indication.
We have been duped by Leung, Chan and the criminal stockbroker.