Great Q1 results, but what trickles down to shareholders ?GEO operates in $US,(incluidng very generous US$ management remuneration) but after years of debate decides to pay just a 2c dividend - in $Cdn !
CEO owns 40%, but on March 15, 420,000 options awarded. Is an option incentive even required or appropriate if the CEO already owns 40%?! Another 270,000 options also issued (90k each to 3). Not to mention the issues associated with pricing and thus option pricing of a thinly traded stock.
Query - on March 15, 2021 when the options were priced (16 days before the quarter end) did GEO really have no clue that Q1 revenue would be a blow out?
What is left for shareholdlers after very generous compnesation and dilution?
Any idea of why about 9m votes withheld re 2 of 4 directors? If not for the CEO's votes, the 2 directors would have turfed out. Message here. What is it?