Death Spiral: The Collapse of Cinar, Norshield and Mount Real
| Author | : | |
| Rating | : | 4.40 (543 Votes) |
| Asin | : | 1550228447 |
| Format Type | : | paperback |
| Number of Pages | : | 382 Pages |
| Publish Date | : | 2013-03-16 |
| Language | : | English |
DESCRIPTION:
John Xanthoudakis, the CEO of Montreal’s Norshield Financial Group (an emerging and successful alternative investment company) and Weinberg’s paths would cross as Weinberg began to invest large sums of money in a Bahamian Hedge Fund called Globe-X. In all, over $2,500,000,000 in investment capital would be lost by investors between the three debacles. Across town his longtime friend and sometimes business partner, Lino Matteo, was building a public company called Mount Real. Over a span of two years, $108 million of Cinar’s money would be invested in Globe-X. By May of 2005 Norshield Financial Group, the largest Hedge Fund in Canada, would be put out of business; by November Mount Real, a TSX listed entity, would be closed, and Weinberg’s assets seized or under court control. Over the next five years he would fence with Cinar’s new management, bankruptcy receivers, Cinar’s new owners, and the unprecedented litigation machine of the CCE,” a high-bred organization funded by the 2004 Cinar asset sale. Ron Weinberg and Micheline Charest would build Cinar Films into a world power of children’s television pr
About the AuthorWilliam Urseth is president of Strategic Research and Marketing and the editor-in-chief of "Menz Tournament Hunter" magazine. He is the cohost of "Quest for the One." He lives in Montreal, Quebec.
William Urseth is president of Strategic Research and Marketing and the editor-in-chief of "Menz Tournament Hunter" magazine. He is the cohost of "Quest for the One." He lives in Montreal, Quebec.