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6/6/17

Cannabis Wheaton (CBW.v): From Stockhouse with love

The following was posted on Stockhouse this afternoon by some unknown person, almost certainly an ex-employee of Dundee. I've been sent the link by four or five different people but since it first appeared the post has been taken down (under legal threat to Stockhouse). However and fortunately two of the people who sent it over also pasted the whole thing into his mail to me, so that's what you're getting below.

For what it's worth I've thought long and hard about re-printing the post here, not because I tremble in the face of the scumbag lawyers trying to keep the truth away from the general public but because what was written  in part reflects badly on Ned Goodman, one of the stalwarts of the Canadian mining scene. That's not cool but in the end I'm running it, that's my burden.

One final note: The reason CBW was halted all day today is that CBW itself phoned IIROC, told the regulators that a new placement was being put together and that the stock should remain halted until the deal closes. It's total BS of course, there's nobody in their right mind who would finance this turd. All CBW wanted was to stop the stock from trading today to avoid the inevitable waterfall drop. Total scum.

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The Criminals Chuck Got in Bed With
To keep it simple you should know that Chuck and CBW got into a deal with criminals with eyes wide open.

Mark Attanasio, President of Eight Capital became head by stealing and back room dealing. First by banging his boss at National Bank as a young trader, knocked her up and got promoted while he was at it. Laura Dottori Attanasio is now the Chief Risk Officer at CIBC. If only CIBC' board knows their CRO sleeps next to one of Bay Streets worst they would #@$& themselves. 

Mark Attanasio then left for an organic food company called Blue Goose Pure Food where with the then president they connived to purchase land properties and assets at ridiculously inflated prices they owned secretly through the Blue Goose Corp even though the land and assets were off no use to Blue Goose Corp.

When the scheme was about to be blown wide open Mark Attanasio decided to "blow the whistle" as an informant to save his skin. Ned Goodman , the owner of Blue Goose Pure Foods decided to offer Mark Attanasio a position in Dundee Corporation keeping him safe as a whistle-blower. and offer him a chance to fix the mess. Ned Goodman unknowingly had already started to exhibit signs of Dementia and Alzheimer’s, but his dumb son took no notice (Ned also invested over $20 Million in a medical research firm touting a drug to aid Alzheimer’s which went bust in 2nd stage testing). To understand the disaster Ned Goodman opened his business to you just have to look up Dundee's share price over the last 4 years. Mark Attanasio then slimed his way quickly up the ranks thanks to 2 sorry excuses for a son Ned Goodman had in David and Mark Goodman. 

Mark Attanasio also tried to pull a fast one in collusion with a squirrel looking ,man called Ben Nikolaevsky whom he convinced Ned and David Goodman to hire to run the Blue Goose Pure Food. It took concentrated efforts of friends of the Goodman family to convince the Goodman family that an IPO uggested by Mr Nikolaevsky was in the worst interest of Blue Goose and would only line the pockets of Mr Nikolaevsky, his useless CFO Jordan Greenberg and of course Mr Attanasio. It goes deeper but lets pause there for now.

No onto the next culprit Mr Donato Sferra. One word describes this guy very well. "Slimy". I'm talking back of the KFC deep fryer Slimy. All you need to know now is he drew up a clever strategy to slither his way from the Sales desk of Dundee Securities to the Mining Investment Banking Team while banging the head of HR Naomi Ruby whose husband found out about the affair and divorced her recently.

Mr Sferra caused so much havoc that the Mining Investment Banking team at Dundee considered one of Canada’s best as independents packed up and left to start their own shop called Maxit Capital. Bright minds like Bob Sangha, Brad Ralph and upcoming young wiz’s like Mike Spencer and Stanley Iu started Maxit and quadrupled their deals and earnings in less that a year of opening shop while Dundee Securities went for a deep dive catastrophe.

in 2015 January Mark Attanasio and Donato Sferra then came up with a brilliant plan to convince the daft kids of Ned Goodman, David and Mark Goodman to allow them buy out Dundee Securities through an employee partnership .

Being daft, David and Mark Goodman not only agreed to the deal they sweetened it with additional support "loans" o support the spin out. Mark Attanasio and Donato Sferra then double dipped by turning to the so called "Partners" at the newly minted partnership to "buy in" with their money. Imagine asking junior research Associates to cough up $100K to continue working under the partnership. Needless to say the smart ones left and only the stupid and hopeless ones took out bank loans to remain working at Dundee Capital Partners which they rebranded Eight Capital or VIII Capital.

Anyone who was at a mid-senior level  can verify this details I just disclosed. It would take a couple of thick books to write up the craziness at Dundee that spawned such a collection of slimy , crooked dealing characters that exist today. Mr Ned Goodman built a legacy but forgot to run a tight ship at home with his boys. Jonathan Goodman however is the only exception. He runs Dundee Precious Metals and does an excellent job.