American Creek Resources Ltd ACKRF

Re post from Rob. Time to cast our vote by 10:30 PT 12 Dec

[CobraShelby]

Post by Robizounskinon Dec 03, 2023 9:41am

149 Views 

Post# 35765728

Shareholders it’s time to vote

Check your mail or with your broker as we have received our notice of annual general meeting which include the Management Information Circular and the Proxy Voting information form.

The company urges all shareholders to vote by proxy in advance, please do so as it is very important and it’s the only time of the year you can impact some management’s decisions.  If you don’t vote then the default answer is yes (for) as per management’s recommendations.

Interesting information found in the Circular;

Executive compensation;
Darren Blaney
$287,200 as salary, consulting fee, retainer or commission.
$100,000 as bonus???
$106,250 as gain of stock options exercised  
$493,450 Total compensation (income) in 2022
2,000,000 Stock options shares granted in 2022
Robert Edwards
$208,835 as salary, consulting fee, retainer or commission.
$100,000 as bonus???
$85,000 as gain of stock options exercised 
$393,835 Total compensation (income) in 2022
2,000,000 Stock options shares granted in 2022

Not bad for a part-time job as they both have similar or equivalent functions in those other companies;

Affinity Metals Corp.
Stinger Resources Inc.
Newterra Resources Inc.

Also very important, the voting question #4 is related to the Stock Option Plan which allow the management to grant/issue up to 10% of the shares outstanding annually as Stock Options.  This may indirectly generate a share dilution of up to 10% every year.  Don’t forget the default answer is yes (for). 
 
The AMK free ride until the production notice is given by Tudor is not that free for us shareholders as it may costing us up to 10% per year.

Shares structure from AMK site as of December/01/2023;  
Shares Outstanding - 439,714,998
Options Outstanding - 43,915,000
Warrants Outstanding -                0
Fully diluted – 483,629,998

GLTA and live long and prosper

[Stockmoves1]

Vote or no Vote this is SAD !! and managment aught to recognize it!! Greed Kills

[Garlick]

Great input by all and its a very serious subject.  Here's another thing to think about.  How many options do Blaney and Edwards have out of the options outstanding?  One possible scenario is they could be motivated by a lower price to do a deal with a buyer based on their large amount of well earned options.  Maybe 30 cents gives them their happy $$$$$, what would 30 cents