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From the desk of Praveen Varshney
January 15, 2019
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I have known Mike Lathigee for more than 25 years from when we first met through YEO (now known as EO), the largest organization of entrepreneurs in the world.  Over this time I have developed respect for his talent, determination and track record.   

I have also witnessed negative press directed at him, which seemed more interested in “the story” than the facts.  For example, when his company failed after the “Global Meltdown” of 2008/09 he was portrayed in the press as having attained and holding large personal gains when he had actually lost more than any of his investors and in fact was completely wiped out.  Even the regulators (who ruled against him) admitted that he had attained no personal gain and yet the press continued with misleading stories. 

Now ten years later, I have had the opportunity to come to Las Vegas and speak multiple times at Las Vegas Investment Club meetings and to meet many of the investors, many of whom have been with him for some years now.  What they convey is that they are very pleased with his results.  And when it comes to transparency, they say he pulls no punches sharing openly everything that’s being said or written about him “Google my name and ask me any question you want”.

As a professional investor, I see how Mike structures his investment opportunities, he puts his investors first with the management team getting nothing until investors are fully repaid which shows a high level of integrity.  

Despite the difficult circumstances Mike’s had to deal with over the years to try and help clear his name, he’s been very open and transparent with everyone including the regulators, he’s never run away to hide and been very cooperative as he’s rebuilt a very successful investment club and track record in Nevada.

In conclusion, I am proud to be associated with Michael, am currently doing business with him and will continue to do so. 

Regards,

Praveen K. Varshney, FCPA, FCA

Director

Varshney Capital Corp.

Vancouver, BC

Canada

Praveen Varshney has been a principal of Varshney Capital Corp., a Vancouver based merchant banking, venture capital and corporate advisory services firm,

since 1991.  

Mr. Varshney obtained a Bachelor of Commerce degree from the University of British Columbia in 1987 and is a FCPA, FCA.

He is a director or officer of various publicly traded companies including Mogo (Co-Founder) and BetterU Education Corp.  He is also a Co-Founder of G-PAK and former CFO of Carmanah  Corp. which became Canada’s largest solar company.  He also was Co-Founder of a predecessor of Mountain Province Diamonds who’s Gahcho Kué in September 2016 became the world’s largest new diamond mine since 2003 & De Beers’ second-largest producer behind its Jwaneng mine in Botswana.

Mr. Varshney is a Toniic member and a long-time member of both EO Entrepreneurs Organization & TiE (Founding Director).  He’s also on a number of non-profit boards such as The Varshney Family Charitable Foundation, OneProsper.org and a Founding Member of instrumentbeyondborders.org.  He’s also an SVP Vancouver Partner, a Vancouver Police Foundation Trustee, and on the Advisory boards of Room to Read – Vancouver and The Thomas Edison Innovation Foundation in New Jersey, USA.  He also Co-Founded with his daughter, Jaiya, Down to the Last Straw, a global movement to reduce plastic waste with a major focus on single-use plastic straws. Mr. Varshney is also a past recipient of Business in Vancouver’s 40 Under 40 Awards.

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Michael Lathigee

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