Had a read a copy of the deal on SEDAR, IMHO it still is rotten, and is full of ethics and morals oversights. sedar.com
Not sure how "moral" and "ethical" parties could negotiate a deal, and finance the deal, while the CFO is actively writing down assets ?
Ombudsman for Banking Services & Investments
JoAnne Olafson, Toronto, 1-888-451-4519 ombudsman@obsi.ca
The assets were custom-evaluated to be lower than the debt, to suit the deal, and that is apparently completely legal, "moral" and "ethical" ?
Canadian Revenue Agency (CRA)- Informant Leads Program:
cra-arc.gc.ca
For details refer to post: Message 25958026
Banks (lead lender RBC) apparently lose money on Luxton and crew, then agree to loan even more money to Luxton and crew. While it is not good business practice for a bank to fund losers, they did it - is that type of lending "moral" and "ethical" ?
Ombudsman for Banking Services & Investments
JoAnne Olafson, Toronto, 1-888-451-4519 ombudsman@obsi.ca
RBC Corporate Media Relations; Dawn Chan 416-974-2897 Email: dawn.chan@rbc.com
RBC Senior Manager, Media Relations, Beja Rodeck (416)974-5506 beja.rodeck@rbc.com
RBC President, Gordon Nixon, Toronto (416)974-6415
RBC Vice President, SalesI, Anne Lockie, Toronto (416)974-6821
RBC President, Atlantic Provinces, Greg Grice (902)421-8112 greg.grice@rbc.com
RBC Manager, Cape Breton/Eastern Nova Scotia, Jerry Rankin (902)567-8600
RBC Vice President, Atlantic Provinces, Brian Conway (902)491-4302 brian.conway@rbc.com
RBC Vice President, Halifax Region, Tammy Holland (902)421-8112 tammy.holland@rbc.com
RBC Ombudsman, Wendy Knight, Toronto, Ontario 1-800-769-2542 ombudsman@rbc.com
RBC Stephanie Lu 416-974-5506; Email: stephanie.lu@rbc.com
RBC Matthew Gierasimczuk 416-974-2124; Email: matthew.gierasimczuk@rbc.com
Luxton and crew lose ALL shareholder equity, however retain their jobs, multi-millions in bonuses, benefits and not miss a day's pay - and that my fellow shareholders is "moral" and "ethical" ?
Class Action:
Siskinds: siskinds.com
Sutts, Strossberg: strosbergco.com
We have got to keep the emails and phone calls flying. The enemy is planning on shareholder apathy over time - do not stop checking the forum resources, let's help each other ultimately win this fight for our equity. |
