MNBC Release Financial Statements to the Media but not to the Métis People of BC

The following was emailed to Bruce Dumont at the MNBC earlier today after it was learned that the MNBC had provided their financial statements to Global TV News just hours before Global was to run a feature news story on the current state of BC’s Métis  Nation’s political governance…

Good afternoon Bruce,

I am interested to hear you provided a copy of the 2010-2011 MNBC financial statements to the media today when they contacted you. I would be interested to hear why you have not released to the Metis public at large although requested by many of your own people. Just this week you recieved another letter from the North Cariboo Metis Association in Quesnel demanding a complete breakdown of the MNBC board expenses as well as the financials of the MNBC.

The MNBC financials are obviously completed yet they are not on the MNBC website in the AGM section,why not? When were these signed off? I would be interested to hear why you have yet to post any MNBC Debt Recovery updates since April 2011 despite your claims in the document itself that there would be a monthly report. Finally I would have you broken down the MNBC Board of Director expenses in the financial statements?

Please send me a copy as I requested by official correspondence originally in July 2011, plus many other follow up letters, of the 2010-2011 MNBC financials, including all subsidiaries asap.

Metis people want to know if your claim that MNBC is $2.3 million as of March 31st, 2011 was accurate. Metis people also want to understand why MNBC has not paid property taxes as of August 5th.

Regardless I look forward to receiving a scanned copy of the all MNBC 2010-2011 financials (including the school, MEETSO, and any other corporations established by this board). You can scan and email this information I assume by the end of the day today considering you just handed a copy earlier to the media.

Thank you,

Keith Henry

President

British Columbia Metis Federation

k.henry@bcmetis.com

1-778-388-5013

3 Responses to MNBC Release Financial Statements to the Media but not to the Métis People of BC

  1. Dean August 30, 2011 at 4:57 pm #

    I suggest that a call to the reporter at Global news would be in order. Also, supply all of the documents pertaining to the requests for the information that a TV station got before the Metis people. How disgusting is that?

  2. Richard Lucier-larson August 30, 2011 at 7:04 pm #

    Ah ; The great Spinx looks over the sands of ancient Egypt and remains silent .
    That leaves the question, is the head of Métis in B.C. a real person or a block of stone ?
    Can someone enlighten me please ?

    Richard Lucier-larson

    IRE QVO AVDENT PAVCI

  3. Keith Henry August 31, 2011 at 12:29 pm #

    Thank you Dean and Richard,

    First Dean you are correct. The fact that MNBC leaders released their 2010-2011 Financial Statements to the Global reporter before the Métis people is unbelievable.

    Second the MNBC Financials were signed off July 28th and yet despite numerous written requests MNBC did not release these until August 30th and only after media pressure put forward by the BCMF. Sooner or later even the MNBC supporters have to ask yourself why did they not release to their communities if there was no issues? They were done July 28th so MNBC leaders DELIBERATELY refused to provide the requested information.

    Third MNBC has now posted their 2010-2011 financial statements on the website late yesterday and wow are they are interesting. I am sure many of our people do not understand the notes and ramifications of the financial position of the MNBC as of March 31st, 2011 but it appears far worse than BCMF had anticipated.

    As such I strongly encourage all Métis people, governments and interested stakeholders in the Métis Nation to tune in tomorrow night at 7:30 PM sharp for Coffee Talk (link through the BCMF website). I will interview a Chartered Accountant and we will be reviewing the MNBC financials recently posted to assist people realize what these really mean.

    There are key points such as note 13 that states;

    “Current liabilities exceeded it’s current assets by 5.8 million. Also, existence of a material uncertainty that may cast significant doubt about the council’s ability to continue as a going concern.” (excerpt page 2)

    This one example provides further concrete evidence to showcase the outright deception by MNBC leaders. They have stated (along with their supporters) that MNBC has more assets than liabilities, not according to the MNBC financial statements and it appears the auditors have significant doubt about the council’s ability to continue.

    BCMF has endured massive person attacks but the facts continue to support our predictions. MNBC leaders should immediately resign and a full forensic audit should be ordered without delay. They need to stop deflecting their responsibilities and do the right thing and immediately leave.

    Watch Coffee Talk tomorrow as we walk people through these financial statements to showcase several other serious issues in the financial statements.

    Thanks again Dean and Richard for the posts and hope you each tune in tomorrow night.

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