Allegations of corporate officers violating their fiduciary duty to a publicly traded company are almost certain to spark an investigation by the Securities and Exchange Commission. And one would surely expect the Federal Bureau of Investigation to come calling as well.
Well if Russo and company are innocent, then it's sad that they will have to spend a fortune vindicating themselves. But if, and its a big if, Russo and company did steal money from Superior Energy then we have no business taking some of that money. Yes without question Robe deserves a new stadium but not with ill-gotten money. We all have to wait and see how this plays out. At present its a civil matter and that could take years to play out.
Scott says we don't "anticipate" any problems. I hope he is right.
Here's a more in depth article of the whole situation. We do work for Superior and we did some work for Renegade.
Without saying someone is guilty, I'll tell you this. It all makes sense now....
I would also like to know if Superior had a full bore Financial Statement Audit done on Stabil Drill before Consolidation? An extra set of eyes would have caught this. I know for a fact that audit statutes call for a vendor list showing concentrations of where the company is spending there money. Again this may have all been lost in Consolidation. Don't skimp on accounting...it can save your ___.
To be kind to Farmer he's a lightweight and not up to his Job in the 21st century. He may have been OK in 1976, but the job since musical conferences is so much bigger.
Everyone needs to go and read post 50 in this thread. Seems it got lost in the shuffle by those who still think this thing won't happen.
If this stadium were a lead lock Farmer wouldn't use cautionary language like 'confident'.
Robe has been in the dark before. Remember the day he tearfully acknowledged the original redo wouldn't happen.