The situation does present a clear conflict of interest. Vladimir Nikolaenko, as Executive Chairman of SRN, is in a position to significantly influence the company's decisions. His personal financial interest in MH, a company receiving millions from SRN due to the Victory Bore acquisition, raises serious questions about whether company funds are being used for personal gain.
So, just how much did Victory Bore really set Vlad back? A few hundred k , maybe less! Makes you wonder who thought signing off on a $12 million price tag was a good idea—paid straight from SRN’s pockets to Vlads accounts, oh and who decided to approve that $12 mill? Was Vlad lining his own pockets through this little ‘investment’? Feels like legal robbery to me.
SRN Price at posting:
0.6¢ Sentiment: Buy Disclosure: Held
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