RE:RE:RE:RE:RE:RE:At Least Creditors
I guess I don't get to vote on having the new President but I do get to vote on his Consulting Agreement on the Proxy form. This I will be voting against.
While I like the specific benchmarks where he will be rewarded for accomplishing certain items, it does make me wonder why he then gets a pretty good salary to begin with! This is the way the game is played -- "we will be give you a good salary for basically doing nothing but if you happen to actually accomplish anything then 'wow, lets give you some more compensation'! Oh yes, and if you don't do anything.....no worries because we will give you a nice severance deal as well". Small business owners can't even begin to contemplate such an arrangement.
Anyway, the whole thing is a joke. My shares are diluted but at least they are getting creditors to exchange their debt for a reasonable share price and we won't be paying or accuring the interest amounts.
Goodbye John Hite the nice but ineffective CEO. Hello Mr. Cannabis/Young Business CEO ... hope you make a number of deals which may even serve long term shareholders! You have a number of share options, perhaps this will be enough incentive to do a good job?