DAN BYRNE'S EXECUTIVE RATING: Trustworthy and Effectiveness
Grading Mr. Byrnes on executive trustworthy and effectiveness and grant a grade where '0' is hopeless, and '10 'is fantastic:
Mr. Byrnes business history: Trustworthy and Effectiveness
Mr. Byrnes was the president of Fort Orange Capital , commodities trading firm which closed its doors in 2003 and NY State removed its charter in 2010. Grade 1
Mr. Byrnes went personally bankrupt in 2005 because of his poor trading. Grade 0
Mr. Byrnes was a Trustee of the Fort Orange Capital pension plan from 2000-2017 (when he was removed by the NY Department of Labor as the fund's Trustee on March 28, 2017). During his tenure he , illegally, bought $225,000 SRSR (96% of all the fund's assets) and his fellow pensioners complained as he was 'stealing' their pension monies and the NY DOL successfully prosecuted Mr. Byrnes and he now owes the pension fund $310,000 Grade 0
Mr. Byrnes was also a Trustee of his aunt's (Marion Bates) estate where Mr. Byrnes purloined $250k from his sister's (Kathleen Fiero)inheritance from the aunt's bequeath and bought SRSR without his sister's knowledge or permission. Ms. Fiero successfully sued Mr. Byrnes and was granted a $256,000 judgement against Mr. Byrnes in April 2015. Grade 0
Mr. Byrnes as a SRSR director and CFO did not know enough about leased claims such that he did not use excess reserve assessments (created by Mr. Keevil ,the former SRSR CEO)to keep 4 important claims contiguous to the Nemegosenda deposit where the cost was nothing to retain the property.The claims were lost because of his mining incompetence.
Grade -1
Mr. Byrnes has not paid the fundamental existential bills of the Nemegosenda property including tax arrears (which if not paid soon, the Nemegosenda property will be lost), core storage and trade creditors.
Grade -2.
Mr. Byrnes provoked and harassed long term creditors such that they completely lost all confidence in Mr. Byrnes 'leadership' they launched an over $2MM suit against Nio Star in the spring of 2017. Grade 0
Mr. Byrnes has been at the helm of SRSR for almost three years and he has not produced any SRSR financial filings whatsoever; this is one of the prime fiduciary duties of a Board of Directors. Grade 0
Mr. Byrnes sold the only gold asset that SRSR/Shiningtree owns:the Otto Lake property. Mr. Byrnes could have held onto the prime 2,000 acre property, indefinitely, as it is under an Indian caution. Mr. Byrnes, not understanding basic mining land tenure laws, sold the property for NO monetary consideration or shares. Grade -1.5
Well, this score is very, very surprising; Mr. Byrnes executive trustworthiness and effectiveness score is an all time low for this survey: -.74. The first negative score we have ever had in over 35 years of executive testing!
Incredible!!
Ripley's Believe It or Not will certainly be interested in publishing the lowest Trustworthiness/Effectiveness executive score in the history of mankind!!!!
IMO
AI
