OTCPK:VGIPF - Post by User
Post by
deismanon Dec 31, 2013 7:08pm
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Post# 22050235
Vote Green - 4 new and keep 2
Vote Green - 4 new and keep 2I trully believe that the time for change is now but I don't want to clean ship entirly. Looking at Renegades financials you'll see that their expenses for 6 months have gone from 74.5% of revenue in 2012 to 104% in 2013.( excluding financing & taxes) The two directors I am voting to keep are Turnbull & Clark. They are both fairly knew on the scene (June27/12 & Dec14/12) and have something of value to add to the team. Turnbull has an extensive accounting background and Clark has both financial and management smarts. Along with them I would vote in Zachary, Sinclair, Pope & Dunfield. They all have some skin in the game and in total this would make 6 and would allow a space for a new CEO. They could start afresh with some insight from the present BOD.
Before you consider keeping with the old BOD look at the latest financials. For 6 month ending June 30 Renegades expenses (excluding financing and taxes) have gone from 74.5% in 2012 to 104% in 2013. Not the kind of turn around I was hopping for. Renegade has an anti-shareholder attitude and this has to change. "Screw me once and shame on you, screw me twice and shame on me"
Time to stick up for yourself!
As a sidepoint does anyone know why Turnbull received so much more than the others for share based awards in 2012? $248,166 vs $77,620 - $90,561 for the others (Page A-15 white)