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Wednesday, May 24, 2017 10:56:47 PM
Currah is suing SRSR not Dan. My point to Dan having his day in court was directed at how many on this board have claimed wrong doing by Scott.
If this wrong doing is a reality then Dan now has a court audience to express that the reason the company is either not liable or not in a position to make good on the liabilities being sought by Currah is due to the alleged fraud/wrong doing committed by Scott during his tenure as CEO.
If these liabilities were truly incurred to shareholders through a fraudulent act by the acting CEO then shareholders are entitled to restitution from said CEO. Hence my point that if Currah and Keevil were in fact, as stated here on this board, colluding to commit fraud this law suit will expose both and potential lead to criminal accusations.
Since Currah is claiming damages due to a breach of agreement it will require the agreement to become part of the public record. The details of the agreement will be very interesting to review. Especially since Scott had a fiduciary duty to shareholders and could be exposed if the agreement can be proven to be outside the realm of normal and standard with a bias towards know associates. In fact if the agreement is of significant value (which with the financials of such small magnitude as SRSR I would assume the purchase of pens could be argued as significant) Scott must recuse himself from the decision or award of contract if he has a personal relationship with Currah.
This fact alone could be viewed as fraudulent if the relationship between Currah and Scott can be established with an award of agreement being outside standard business practices.
Beyond agreements, Dan would be in a position to request documentation of all security allocations and trade confirmations of the Currah family and known associates as it pertains to the timing of execution of trades. If Currah or known associates have any public sale or purchase of the security around the time of the agreement being made he/they would also be at risk for insider trading implications as well.
All of this is speculative of course, but seems to me that Dan has many avenues to explore to determine if a wrong doing has actual been committed.
All in my opinion.
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