Pounce Technologies Inc. V.POI.H

High salaries?

[titanicleser]

https://finance.yahoo.com/q/pr?s=slc.v

2014:

Key Executives

	Pay	Exercised
Mr. Dale Patrick Johnson P. Eng, M.Eng, 71 Exec. Chairman, Member of Audit Committee and Member of Corp. Governance & Nomination Committee	16.00K	0.00
Mr. Mark Elfenbein ,  Chief Exec. Officer, Pres and Director	436.00K	0.00
Ms. Erika Racicot ,  Co-Founder, Chief Operating Officer and Director	117.00K	0.00
Mr. Khurram R. Qureshi CA, 54 Chief Financial Officer	73.00K	0.00
Mr. Daniel Charles Grigsby ,  Chief Technology Officer	0.00	0.00

Amounts are as of Dec 31, 2014 and compensation values are for the last fiscal year ending on that date. Pay is salary, bonuses, etc.Exercised is the value of options exercised during the fiscal year.

Currency in CAD.

[NotFreddie]

Usually salaries for  startup companys are nominal, in hopes of growing them. However, in Slyce's case the only things that are growing are managements bank books, at the expense of the shareholders. As such, it's not surprising that it's losing value.

[Leafs4Life]

Spending is out of control at Slyce.  450k for the CEO is too much for a company at this stage. To put it in perspective, the last time they reported earnings, Slyce had generated $1,030,834 in total revenue in the life of the company... to put it hyperbolically, half of all revenue up to that point went to paying the CEO.   In that same earnings report, in the three months leading to

[freddie1]

This post has been removed in accordance with Community Policy

[NotFreddie]

So why don't you sue him, instead of persue him. 

[Merovingian2003]

I am just as agitated as most on this board with the declining share price.  Losing money certainly creates anger and negative emotions.  However, if take the emotion out of it, I don't think it is accurate to say Slyce's purpose is to funnel publicly raised money to insiders.  Yes, agree that salaries may be lofty, but I don't think you'd be walking in and signing

[Hunterix]

great post!

[ctblizzard]

I sorta agree on the salaries not being the problem. But I think if they are relying on visual product search primarily you should ask yourself and everyone you know one important question. Do people really use it? and second, what is the state of retail businesses? To me the answer to those questions is 1 - No, at least not yet, and I do not see mass adoption by consumers. Do businesses try

[lscfa]

The Slyce app offers visual search, barcode scanning, QR scanning, etc. Retailer app users are using these other functions too. Coupon pull may become bigger than coupon push. Snipsnap allows a user to take a photo of an item to see if there is a coupon available or if the item is selling cheaper at another location.

[Saintvitus]

Ridiculous. He should be making 1/4 of that at most. I'm sure he has plenty of options as well? I would assume a new institutional investor would only get on board if they rein in their costs.

[lscfa]

Let's hope all the delays are because they are also negotiating a CEO replacement.

[Merovingian2003]

I'm not sure about replacement, but agree salary should is way too high and should be 1/4 as mentioned.  To keep thing lean and give the business a chance to grow he should be open to that for now.  At least see the business succeed, profitable, or certain financial milesstones achieved and then get the pay increase.  I don't have problems with options as at least those are

[HotEleonora]

This post has been removed in accordance with Community Policy

[StyllLerning]

I'm sure this will not be a popular response, but I'm not sure the salaries are unreasonable. Ms. Racicot is earning $117 000 and she is the co-founder of the company. To turn this idea into something that can make money requires someone with knowledge and connections. Mood media went from earning $5 M in revenue to $500 M under Mark's leadership and it is the same connections he

[Leafs4Life]

StyllLerning, If the CEO's connections are so valuable why is Slyce out of money... again? Why are they raising funds when the share price is at an all time low (further destroying shareholder value via dilution)?  Results matter. This company is publicly traded and the management team has destroyed shareholder value. Begging investors for more and more money is not a business plan

[StyllLerning]

Slyce is raising money because they need to raise money to continue to stay afloat and grow the business. With a tech startup money is typically raised in stages. Many suggest the company should have raised more in May, but I think they raised what they felt they could justify at the time as a larger ask would have been very difficult to find subscribers for. There was no telling that the market

[lscfa]

Actually Elfenbein's salary in 2014 was $219,705. He got a cash bonus under an incentive plan of $216,419. Let's hope there is no cash bonus for 2015 as he does not deserve it. What is disturbing is that not one director, including Elfenbein, owns a single share of SLC. These s.o.b.s better step up and participate in the current offering. Someone incorrectly posted that 85% of the issue

[NotFreddie]

I'm glad that you're finally seeing these "clowns" for what they really are. Scammers.!!!!

[Arturs33]

https://www.stockhouse.com/companies/insiders/v.slc/slyce-inc Not true, senior officers and directors do own the stock. This is from insider buys on this website alone. Mind you they don't own a lot which is worrisome. 

[Arturs33]

Dale Johnson the executive director and chairman bought 165000 shares as large as last October. I don't think he would have been doing that if he knew the shares would slump.