Please flip to the last page “Letter to BAD management from franchisee of entire province of Quebec.”
Why does CEO Vanderberg say he “saw market improvement going into the summer” in Eastern Canada on the last conference call?
Quebec is more than half of Eastern Canada:
In Quebec, Badger
“made the decision to close the business at a great financial loss.”
It’s easy to see why. The alternative was to
“extend my line of credit with the bank in order to satisfy the payroll obligation.”
The letter is dated June, and the below pictures were taken in October. Which summer was Vanderberg talking about?
photographs obtained today October 5, 2017 of the Badger Daylighting office located in Montreal. It appears that the facility has been vacated and the business abandoned. According to neighbour business the entire operation ceased business at the end of August and the trucks were evacuated to Ontario.