SNC-Lavalin

[ExtraSlow]

SNC-Lavalin must have some news coming out today. The stock has halted trading on the TSX.

[rage2]

They're pleading guilty. That's what I heard.

[Xtrema]

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SNC-Lavalin must have some news coming out today. The stock has halted trading on the TSX.

Super weird that there's no news. Somebody knows something, expect bombshell is coming out in court today?

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They're pleading guilty. That's what I heard.

As in they just turn over and die? Well it's not that green line is going anywhere anyway, looks like my friend is going back on EI then.

[rage2]

My sources beat twitter. wtf haha.

[pheoxs]

So I was reading about SNC Lavalin a few days ago and this kinda shocked me. (2013 article)

https://business.financialpost.com/e...to-snc-lavalin

Canada now dominates World Bank corruption list, thanks to SNC-Lavalin
Out of the more than 250 companies year to date on the World Bank's running list of firms blacklisted from bidding on its global projects under its fraud and corruption policy, 117 are from Canada — with SNC-Lavalin and its affiliates representing 115 of those entries

Apparently almost half of all companies blacklisted from the World Banks bidding are all tied to SNC-Lavalin or some type of affiliate.

[ExtraSlow]

the corruption list is kind of funny. It's not that half the corruption in the world is from SNC lavalin, it's just that they got caught because they are in such a non-corrupt country.

Also, Rage2 comes through again, nice work.

[schurchill39]

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the corruption list is kind of funny. It's not that half the corruption in the world is from SNC lavalin, it's just that they got caught because they are in such a non-corrupt country.

Also, Rage2 comes through again, nice work.

When you wear Gucci slides with socks in the +15 people tend to tell you things.

[Cagare]

So SNC up 20% in trading so far today. I didn't see the market reacting this way, was it priced in a potential loss in court and this is seen as a positive. I saw them going south of $20 and then being a takeover target in the new year.

[revelations]

Thats just standard operating procedures in OG. They must have forgotten to pay someone off or done something super stupid, even for them.

[davidI]

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So SNC up 20% in trading so far today. I didn't see the market reacting this way, was it priced in a potential loss in court and this is seen as a positive. I saw them going south of $20 and then being a takeover target in the new year.

It could have (and should have) been much worse. The very fact all this news is coming out 6 weeks after the election makes me think the Liberals still managed to orchestrate all of this.

[pheoxs]

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It could have (and should have) been much worse. The very fact all this news is coming out 6 weeks after the election makes me think the Liberals still managed to orchestrate all of this.

Yeah, now that they have a # for the fine to pay lots of people probably view the company as back to business. 240 mill fine isn't really much considering it was a 500 million contract to build a airport. Sure they take a loss on that project but its not like that amount is going to tank a company that had 10 billion in revenue last year.

Although I'm still confused if pleading guilty to fraud changes if they can bid on government projects or not.

[Cagare]

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Yeah, now that they have a # for the fine to pay lots of people probably view the company as back to business. 240 mill fine isn't really much considering it was a 500 million contract to build a airport. Sure they take a loss on that project but its not like that amount is going to tank a company that had 10 billion in revenue last year.

Although I'm still confused if pleading guilty to fraud changes if they can bid on government projects or not.

That's likely the trick. They may have a commitment from the government that they may exempt them because they pled guilty to the charges and they can continue to bid on contracts. Or that they may just not be contractually the prime consultant in contracts, who knows, but there is likely some sort of "fix" planned.

Or, quite possibly investors don't see the lack of Canadian contracts as a risk to the company.

[Xtrema]

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Although I'm still confused if pleading guilty to fraud changes if they can bid on government projects or not.

Wondering that too.

Mental exercise.

What if the Feds guarantee funding for 66% for greenline but condition is sole source from SNC, will you take it?

[killramos]

Trudeau will just change the rules so they can keep giving contracts to SNC.

Nothing to see here.

[ExtraSlow]

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Mental exercise.
What if the Feds guarantee funding for 66% for greenline but condition is sole source from SNC, will you take it?

I would accept being bribed with my own money, yes.

[JRSC00LUDE]

The Federal gov't will pay that fine for them one way or another.

[Xtrema]

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I would accept being bribed with my own money, yes.

Well, in theory, only 20% of that bribe is your money when you compare AB vs CDN GDP.

[ExtraSlow]

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Well, in theory, only 20% of that bribe is your money when you compare AB vs CDN GDP.

big win!

[killramos]

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Well, in theory, only 20% of that bribe is your money when you compare AB vs CDN GDP.

Those are Quebec level federal handout metrics!

[dirtsniffer]

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Well, in theory, only 20% of that bribe is your money when you compare AB vs CDN GDP.

If you consider the fact that on average Albertans send $7,000 a year to Ottawa and we only receive $3,500 back. So it would be our money coming back.