sandysensfan wrote:Check Yost's twitter.. He's still at it.. even after receiving that e-mail...
Thing is, he is not a forensic accountant. I was once in the employ of a company owned (whether directly or indirectly) by Rod Bryden. He wasn't doing so well so had to declare bankruptcy and paid his investors something like 15 cents on the dollar. As employees we were on the bottom end of the list of those owed money (severance and the like). We had one guy who had 15 years with the company, and company policy was 2 weeks severance for each year of service. Some lawyer came around starting a class action suit, and asking for a $150 retainer. I'd been with the company less than a year so I figured I had nothing coming to me. Well a few months later the lawyer came back and offered something like 45 cents on the dollar from any future moneys recovered -- so no up-front outlay of $150 like before. So those of us who did not pony up $150 now just signed some papers and sat back. I ended up getting 2 months severance *pus* the 2 weeks for 1 year of service (rounded up). Well, I got 45% of that, the lawyer kept the rest. The guy who had 30 weeks coming to him was in this second group as he didn't think $150 against 30 weeks' severance was worth it
. The reason the lawyer was able to get this money out was they found some serious financial shenanigans (not saying Bryden, personally, had anything to do with this). Point is, even though he was "broke" and had to sell all his holdings just to pay hes investors 15 cents on the dollar, somehow there was money to pay us all the severance we were due.
Oh, and imagine my surprise when Rod Bryden bought the Senators just a few short years later.
Sorry, I just don't think Travis "Hockey. Hoops" Yost has the background and necessary skillset to do what he is trying to do. Not saying he is wrong w.r.t. Melnyk's
personal finances, just saying that he could also be very, very wrong as to what it
really means.