Does Risley want another piece of Newfoundland and Labrador?

Just two days away from the "vote" - and I am thinking about FPI. This once king of "seafoods" companies gone from our rural communities - gone from the memories of our politicians - as well.

John Risley - the "Danny" slayer has done what media and opposition could not. Risley has taken Danny on and won.

On Friday FPI issued a news release - advising of a special meeting of shareholders. On October 22nd - the shareholders will vote on the sale of FPI assets. The get-together will also be used to discuss the future of FPI. The release says in part:

FPI intends to transition from an operating company engaged in the harvesting, processing, global sourcing and marketing of seafood products to an investment and holding company.

So now that our politicians have allowed the company to moan and groan its way out of commitments to our communities - and at the same time making some millionaires of a select few - what are the boys going to do with the money? What exactly does the statement above mean? An investment and holding company?

Why not let John Risley answer that question. The Montreal Gazette attributes the following quote to Danny's conqueror:

"our historical business has been the seafood business and our future business will be something other than the seafood business"

Apparently the name of the new company will be FP Resources Ltd. What now - will they come after energy investments? Do they want a piece of the Lower Churchill? How about Labrador uranium? Or maybe gas projects? Will they suck the good out of other resources in Newfoundland and Labrador and then change-up again?

And in a twist of irony - FPI announced today the appointment of a new director - another "Newfoundlander and Labradorian" - Mr. Graham Roome - who started his career with the "Lake Group" - one of the fish companies that had to be rescued by the formation of FPI - when we the taxpayers became the owners. Talk about having sea-legs - apparently Mr. Roome who went from Lake to FPI in Bonavista - to Clearwater - and then back to FPI - is doing a hell of a lot better that our fishermen.

Danny - Tom - Gerry - Loyola - and Loyola - "hook line and sinker". Way to go Risley - no wonder you and Ches Penney have the personal wealth you have.