Post by
Malpeque2 on Sep 19, 2022 11:34am
Insider Ownership from the Recent Proxy
The following table states the names of the Nominees, all offices of the Corporation now held by him, his present principal occupation, the period of time for which he has been a director of the Corporation and the number of securities of the Corporation beneficially owned by him, directly or indirectly, or over which he exercises control or direction, as at the date hereof. 6 Name, Province and Country of Residence Present Principal Occupation Current Position(s) with the Corporation Director Since Number of Securities Held Ken Z. Cai Beijing, China Chairman and Chief Executive Officer of the Corporation, Chief Executive Officer of Minco Capital Corporation and Chief Executive Officer of HempNova Lifetech Corporation Chairman, Chief Executive Officer, and Director August 20, 2004 Common Shares: 560,000 Options: 1,245,000 Maria Tang(1)(2)(3) British Columbia, Canada President of HempNova Lifetech Corporation Director July 27, 2015 Common Shares: Nil Options: 520,000 George Lian(1)(3)(4)(5) British Columbia, Canada Mr. Lian is a Director and Chief Financial Officer of Arcland Resources Inc. from August 2010 to present. Director June 28, 2010 Common Shares: Nil Options: 605,000 Tim Sun(1)(3)(5)(6) Hong Kong, SAR Dr. Sun is a Businessman. Director March 28, 2011 Common Shares Nil Options: 520,000 (1) Member of the Audit Committee. (2) Chair of the Audit Committee. (3) Member of Compensation Committee. (4) Chair of the Compensation Committee. (5) Member of the Nominating Committee (6) Chair of the Nominating Committee.
3 Directors who own ZERO shares. Maria Tang. George Lian. Tim Sun. All own NIL shares. Ken Cai owns 560,000 shares. What interest do the 3 outside directors have to work for or protect the public shareholders. They are just "YES" people for the Chairman and CEO. All 4 of these people have been around for a decade or more for some of them, while the company stock price has done nothing but decline long term over a 10 year period.