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Thread: SNC-Lavalin

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    Default SNC-Lavalin

    SNC-Lavalin must have some news coming out today. The stock has halted trading on the TSX.
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    They're pleading guilty. That's what I heard.
    Originally posted by SEANBANERJEE
    I have gone above and beyond what I should rightfully have to do to protect my good name

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    Quote Originally Posted by ExtraSlow View Post
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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?

    Quote Originally Posted by rage2 View Post
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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.
    Last edited by Xtrema; 12-18-2019 at 09:41 AM.

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    My sources beat twitter. wtf haha.
    Originally posted by SEANBANERJEE
    I have gone above and beyond what I should rightfully have to do to protect my good name

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    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.
    Nolan

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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.
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    Quote Originally Posted by ExtraSlow View Post
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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.
    Originally posted by rage2
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    Originally posted by Sugarphreak
    Meh, they all look like Jackie Chan to me
    Originally posted by ExtraSlow
    You dudes have some squeaky clean assholes. I commend you.

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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.

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

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    Quote Originally Posted by Cagare View Post
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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.

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    Quote Originally Posted by davidI View Post
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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.
    Nolan

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    Quote Originally Posted by pheoxs View Post
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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.

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    Quote Originally Posted by pheoxs View Post
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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?

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

    Nothing to see here.
    Originally posted by Thales of Miletus

    If you think I have been trying to present myself as intellectually superior, then you truly are a dimwit.
    Originally posted by Toma
    fact.

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    Quote Originally Posted by Xtrema View Post
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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.
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    The Federal gov't will pay that fine for them one way or another.
    Originally posted by SJW
    Once again another useless post by JRSCOOLDUDE.
    Originally posted by snowcat
    Don't let the e-thugs and faggots get to you when they quote your posts and write stupid shit.

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    Quote Originally Posted by ExtraSlow View Post
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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.

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    Quote Originally Posted by Xtrema View Post
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    Well, in theory, only 20% of that bribe is your money when you compare AB vs CDN GDP.
    big win!
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    Quote Originally Posted by Xtrema View Post
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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!
    Originally posted by Thales of Miletus

    If you think I have been trying to present myself as intellectually superior, then you truly are a dimwit.
    Originally posted by Toma
    fact.

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    Quote Originally Posted by Xtrema View Post
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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.
    Quote Originally Posted by Gestalt View Post
    Im the one with a learning disability....

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