That's what I kept trying to stay but a certain poster kept assuring us that it couldn't be him cuz he (simmonds) "has" to file. Really? He HAS to does he??!! Who else has those kind of shares to sell. Man were we duped!
As the documents reveal Simmonds and Co were moving money to Newlook to essentially fund themselves . So much so that the operating company couldn't meets it's obligations ? And even when he was asked to stop moving money he continued to do so . It was that mistrust that forced Sasktel to protect their interest. And in classic Simmonds style blames the insolvency position on the fact that Sasktel was withholding payment to try and recover the millions they were owed. Thank God the judge could see through his bull.
How many times do you think he has pulled this scam? Reading some of the press he routinely blamed issues at Fanotech on the owners , while they in turn they said the main problem was the massive amount of money leaving the company . Hmmm , sounds familiar.
From what i can see he has ben robbing Peter to pay Paul for better than 5 years now . Funny thing is he claims to be a financial genius. MAdoff claimed the same thing !
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