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Bullboard - Stock Discussion Forum Nickel 28 Capital Corp V.NKL

Alternate Symbol(s):  CONXF

Nickel 28 Capital Corp. is a Canada-based nickel-cobalt producer through its 8.56% joint-venture interest in the Ramu Nickel-Cobalt Operation located in Papua New Guinea. In addition, the Company manages a portfolio of nickel and cobalt royalties on projects in Canada, Australia and Papua New Guinea, including a 1.75% net smelter return (NSR) royalty on the fully permitted Dumont nickel project... see more

TSXV:NKL - Post Discussion

Nickel 28 Capital Corp > Executive Salary ( excluding share grants )
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Post by enjoytheride on Mar 27, 2023 12:49pm

Executive Salary ( excluding share grants )

Summary of Compensation The following table sets forth all annual and long-term compensation for services paid to or earned by the NEOs and directors for the thirteen-month financial period ended January 31, 2022: Table of compensation excluding compensation securities Name and position ThirteenMonth Period Ended (m/d/y) Salary, consulting fee, retainer or commission ($) Bonus ($) Committee or meeting fees ($) Value of perquisites ($) Value of all other compensation ($) Total compensation ($)

Anthony Milewski (1) Chairman and Director 01/31/22    $1,345,000
Justin Cochrane (2) President and Director 01/31/22        $734,000
Conor Kearns (3) CFO                                                       $611,404
Comment by Nergy on Mar 27, 2023 3:06pm
I think that everyone with some kind of objective view, can see that the management team are more then well compensated via their salaries. To issue themselves 5M RSU each year with an implied future value of atleast 10 MCAD is nothing else than financial fraud, and they should be behind bars. As mentioned before replace them with 2 monkeys, pay the monkeys 10000 bananas/day. That's for sure ...more  
Comment by ICNick on Mar 27, 2023 3:33pm
For the size of company and limited type of operations, this is more than extremely well paid.
Comment by Michiel on Mar 27, 2023 6:00pm
That is why it would be good if Pelham succeeds in taking 10%. They can put the management under pressure to act normaly in the future. That would be good for al of us. That is also why i sell my actions to Pelham. Later, when they are in the game, i can buy them back on the market. Ok, the price could be hire, but it least , with an independant investor in the game, shareholders value will be ...more  
Comment by Talchior on Mar 28, 2023 5:47am
And how are you sure Pehlham will not do the same? 
Comment by ICNick on Mar 28, 2023 6:56am
There is enough info about intents, releases, etc. To become a class action if Pelham goes that way as well. Worries come to worse then they would be two of the same.......similar end results. 
Comment by Talchior on Mar 28, 2023 10:44am
Did you contact them directly now or before to receive any explanation about the salary and what they are doing for the company?  In the amount, did you remove the tax? Did you have any other value to do a comparison?  All these salaries are discussed and agreed during the yearly assembly. Did you simply send your complaint or best vote against?  Did you enter in the company ...more  
Comment by Michiel on Mar 28, 2023 11:29am
Clearly a fan of this greedy management......
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