Post by
Heywood_Silvers on Dec 21, 2023 7:08pm
Some interesting dirt on L. Yau posted today at SPA website
Seems the company is going after him for around $700k in payments that sholdn't have been made to him. I've been wodering why SPA has been so mum as if they're asleep at the wheel for the last 4 months. Now I know what they've been up to.
I hope they are successful in clawing back some of the funds from Larry. I get that Larry did a bang up job getting the tax exploration credits secured years ago for SPA, I guess he ended up getting a bit greedy and felt entitled to some of the company monies.
Hopefully, as the press release indicates, the revamped BoD and management will be able to focus on the business of advancing the flagship project and be able to put this mess behind them.
Comment by
Buckwheat55 on Dec 21, 2023 7:27pm
Yes it helps make sense of the silent treatment to their shareholders over the last few months. Hopefully the company can recover these ill gotten gains by the former big guy. Boils my blood, it's hard enough trying to make anything on these juniors over the last decade. Greed always meets karma at some point.
Comment by
TELEMARKER on Dec 24, 2023 7:35pm
some complicity from CFO to make this happen?