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Technology Stocks : Allen-Vanguard Rescue Board
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To: kidl who wrote (256)9/22/2009 9:49:53 AM
From: Madeitalone21 Recommendation  Read Replies (1) of 724
 
It would be interesting to find out whether VRS management and Board during the unusually long and exclusive dealings with vulture capital, have knowingly failed to comply with the TSX listing requirements. From knowingly omitting material info in PRs (for ex. backlog value), to shady and unduly aggressive financial write-downs, to issuing a highly material PR on a Saturday (which is not illegal but highly unethical and lame), to leading on minority share holders while diligently working on dissolving the Co. all the while being paid by the very same owners (us and others) he was planning to screw. Luxton clearly failed to honour his fiduciary duty to shareholders and it would a shame if he got away with it.
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