Petar's little game has cost SLJB 10-15 million dollars in market cap. That is a solid fact.
He has not been less than forthcoming, he has been dishonest. Clearly something is going on and rather than disclose that information in the morning on the 15th, he's chosen to duck and hide, buying a few hours here and there leaving a wake of confusion in his path.
He had no intention of releasing the financials on the 15th, whatever caused him to hesitate was a legal issue that almost certainly arose after the RCMP visit.
Step back for a moment and think about the range of sentiment on this board, look at the dozens and dozens of people who are starting to believe this is a complete scam. Lacking information people fill in the blanks on their own, and giving the star article and the market reaction, it's only natural that many are filling in those blanks with worst case scenarios.
If he had been upfront on the 15th about the entire situation, there is NOTHING he could have said, with the exception of possibly "I admit this is a scam, goodbye", that would have done as much damage as his duck and hide game has.
When he signed on as CEO he took a fiduciary duty to his shareholders, and he has obliterated that. He's shown no sign of willingness to be upfront here and there really aren't any good excuses left. The town of Colchester may be best served with enough angst that they put the project on hold. Do you know the consequences of Petar going in there, tearing down half the town, then pulling the stunts he pulled here? All it would take is a few contractors to back out, then a few investors to back out faced with delays, and the next thing you know the entire town is destroyed with no one left to rebuild it.
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