CEO Admits to Lying in SEC Disclosure - Seanergy Maritime’s Profits Exaggerated
the current share price.”
CEO’s Spouse: “Congratulations on another profitable year for Seanergy. It seems like the company is doing well.”
CEO: “Thank you, but…there’s something I need to tell you. I lied in a report we filed with the SEC. Our financial results for the year aren’t as good as we said they were.”
CEO’s Spouse: “What do you mean? What did you say that wasn’t true?”
CEO: “I exaggerated the numbers in the report. I didn’t want our investors to lose faith in us, so I made it seem like we were doing better than we actually were. But it’s not sustainable, and I can’t keep pretending like everything is okay.”
CEO’s Spouse: “I don’t know what to say. What are you going to do?”
CEO: “I need to come clean to the board and the shareholders. It won’t be easy, but it’s the right thing to do.”
CEO’s Spouse: “I’m proud of you for being honest. I know it must be difficult, but it’s important to do the right thing.”
Original Release: https://www.globenewswire.com/news-release/2023/03/14/2626728/0/en/Seanergy-Maritime-Reports-Financial-Results-for-the-Fourth-Quarter-and-Twelve-Months-Ended-December-31-2022.html