Record Revenue Masks Deepening Core Issues and Alarming Lack of Transparency — iolite: Dynacor Urgently Needs New Leadership
iolite Partners Ltd. (“iolite”), the largest shareholder of Dynacor Group Inc. (“Dynacor”, TSX:DNG), renews its call for leadership change following the Company’s Q3 earnings release.
iolite Renews Call for Leadership Change at Dynacor Following Weak Q2 Results and Lack of Accountability and Transparency
iolite Partners Ltd. (“iolite”), the largest shareholder of Dynacor Group Inc. (“Dynacor”, TSX:DNG), today renews its call for the resignation of Chairman Pierre Lépine and CEO Jean Martineau. Despite repeated warnings and rising shareholder concern, Dynacor continues to lag peers, issue contradictory statements, and erode market credibility. While management highlights expansion into West Africa and Ecuador, the Company’s core Peruvian operation, Veta Dorada — which generates all current revenue — has clearly lost ground.
