RE:Calling on Sane aphria investors In light of everything that has transpired in this sector, I give Irwin Simon a C- for his overall performance. Given all the other CEOs earned an F (I would award a G if such a grade existed); Irwin is at least passing. What could get him to B+ is a decent communications strategy. This begins with showing up to interviews looking like a high end CEO, not someone out for a jog. There was no reason for us to take the beating we did on the 1Q. Other than CC Pharma (which did not count in analysis eyes until it missed) it was a pretty decent quarter. Why Aphria has so much trouble with its messaging is beyond me. From an operational perspective, Aphria has done well enough...a darn site better than its competitors. From a communication perspective, textbook failure. Let's hope they clean up that portion. I truly think APHA share price would be on its way (in the right direction) if they got on top of their PR and IR.
CaneIsAbel wrote: Aphria reeling from a short agreed to ridiculous compensation and hired a Vic Neufeld Appointee Irwin Simon. He is one of the most over paid CEOs in the category. Companies with larger backing of US companies and way more cash flow do not pay their CEO what Irwin Simon receives. In the same time frame Aphria lost 54 percent of its market cap and reported over all losses in operations, Mr Irwin Simon doubled his pay.
It's time to to terminate his tenure and promote Carl CFO as Intern CEO until a new CEO can be found through mergers, partnerships or opportunity. Please folks don't make me come back a year from now and say I told you so. Irwin Simons pay and his leadership will never bring any partner to the table with a successful conclusion in negotiations. Read what happened with aphria/ACB merger negotiations. Executive compensation was main reason the consolidation efforts fell apart. The rumors are not rumors they are true. Irwin Simon was hired in haste as aphria was attacked by short sellers. He made himself king and is robbing your investments and diluting. Here we are in the eve of elections and all promises fell through not one he ever made came to pass. We have no deals, no USA in roads, no partners and we burned through cash. Aphria is a great company we just need a CEO to match. It's ripe for a buy in or buy out but Irwin Simon is our biggest obstacle