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Pastimes : LIST of COs. WITH HIGHLY QUESTIONABLE ACCTG. PRACTICES
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To: Paul Berliner who wrote (1)12/30/2000 2:17:36 PM
From: average joe   of 59
 
What recourse does an average joe shareholder have against a company where a director bills $50,000 on top of wages of $120,000 for work done in the field. When in fact he only accrued $1600 in expenses. To add insult to injury he bills his Canadian company in U.S. funds and settles with the company in cheap stock.

This Canadian company is inter-listed on NASDAQ. They put in extra letters on property descriptions filed with the SEC so they don't show up on internet search engines when queried. e.g. Riou Lake is spelled Rioux Lake at the bottom
secinfo.com

They list no subsidiary in their SEC documents, a corporate search in Canada shows one called Merendon. They list under Item 3. LEGAL PROCEEDINGS - one, and if adverse would amount to damages less than $25,000 In fact they have spent close to $150,000 defending an action that could cost them mega-dollars.

What recourse does an average joe shareholder have when this happens.
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