MTY CLAIMS IT’S IN THE RESTAURANT BUSINESS, BUT DERIVING 82% OF ITS EARNINGS FROM KICKBACKS SAYS IT’S IN THE KICKBACK BUSINESS—PART OF AN ELABORATE SCHEME THAT ADDED $214M IN WORTH TO CHAIRMAN STANLEY MA.
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Simply Wall Street Article
Updated February 20, 2022
On December 15, 2021, Simply Wall Street published an excellent article titled, “Both individual investors who control a good portion of MTY Food Group Inc. (TSE:MTY) along with institutions must be dismayed after last week’s 4.9% decrease”. This article is important because it serves as further evidence of the materiality of CEO Eric Lefebvre and former Audit Committee Chairman Gary O’Connor’s false statements to investors as a part of MTY’s attempts to cover-up dozens of whistleblower allegations.
We publish this website to warn MTY securities investors of false and misleading information we believe has resulted in MTY’s stock taking on tremendous fake value. Those same false statements played a part in adding $214M to the already substantial wealth of MTY Chairman Stanley Ma. We also publish mtyfoodgroupfranchiseexposed.org and coldstonefranchiseexposed.org to warn potential franchisees of MTY’s false and misleading statements.
Google has notified us that visits to these three websites has soared since early October and has continued to grow each month. We therefore believe word of MTY’s attempts to mislead investors and Stanley Ma’s cash grab at the expense of investors is spreading, which in turn explains the 4.9% decline in MTY’s stock price reported by Simply Wall St.
This and other substantial drops in MTY’s stock price, including the one following the company’s whistleblower announcement, the Forbes article and other events may become principal to regulators in the potential investigation of MTY violations and Stanley Ma’s $43M inside trade.