Viscount Systems (VSYS)

[nynewbie]

Interesting posts. I was just thinking about the lawsuit reported in the 10k. What if Raefield becoming COO was part of some sordid and concerted attempt to force the old CEO to resign that lasted a year? The MACE lawsuit that cost that company around $6M sounded similar.

One of the claims by the old CEO is that the company acted in Bad Faith. In the employment context this means dealing unfairly, lying, humiliating, stripping an employee of responsibilities etc. in a malicious fashion. Sounds like this is what was happening.

If this is true then this contract is both a smoking gun and one of the stupidest things the board/Raefield could do, to put in writing that the COO is the new Boss, that power was transferred etc. Canadian juries don't look kindly on this stuff, damages have been held up around $500k just for bad faith let alone the other claims.