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Bullboard - Stock Discussion Forum Sirona Biochem Corp V.SBM

Alternate Symbol(s):  SRBCF

Sirona Biochem Corp. is a cosmetic ingredient and drug discovery company with proprietary platform developed at its laboratory facility in France. Through its wholly owned subsidiary TFChem S.A.R.L., the Company specializes in stabilizing carbohydrate molecules. The principal activities of the Company include development of cosmetic and pharmaceutical active ingredients. TFChem develops and... see more

TSXV:SBM - Post Discussion

Sirona Biochem Corp > Signing bonus?!
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Post by forhandlaren on Jul 28, 2020 1:59pm

Signing bonus?!

If I remember correctly, the management awarded themselves a hefty signing bonus considering the lame deal with R+F. Cannot find that information today, could someone please point me in the right direction?
Comment by Kingkoi on Jul 29, 2020 12:42am
During the last year, management gave themselves a bonus of $260,000 as follows: Howard: $94,000 Chris: $74,000 Graldine: $39,000 Michelle: $53,000 Total: $260,000 They took $150,000 in bonus in June 2019 in connection with the R+F transaction. On top of that they granted themselves $110,000 in bonuses in March 2019 (see the audited financial statements page 31 and 32 note a) through e ...more  
Comment by JohnFriesen on Jul 29, 2020 7:25am
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Comment by skiboard09 on Jul 29, 2020 12:59pm
Couldn't agree more. We need results. No more talk.  We have missed multiple time lines that were given. Probably Covid related, hopefully they are all still in the works and these "big companies" are still interested.  The pet deal that was suppose to be "big transaction for Sirona" at beginning of year, its still a mystery. What is happening there? Did ...more  
Comment by Ticklel1st on Jul 29, 2020 7:31am
Ouch. But to be expected that management  pay themselves the feel good money even though no one knows what the terms of the R&F deal really is are? The R&F deal has to be worth a lot of money to investor bag holders based on this payout to our very successful  part time management. Especially Geraldine who has worked so hard running the lab and basically has never comercialized ...more  
Comment by Engcan77 on Jul 29, 2020 11:16pm
Another rookie mistake by Howie. Giving out bonuses before we actually see any income (well a piddly few grand from R+F). He will drive this to bankruptcy, or ask his investors for more money and increase the ammount of shares again. Diluting us even more. Atleast he's ok, getting paid for years.  Now he has hired someone else. Can't keep up with all the hires of people and companies ...more  
Comment by Ticklel1st on Jul 30, 2020 7:25am
Howhee...want your money..get your money...keep your money. Howhee is not going to leave. This is Vancouver and you don't really have to do a good job to keep your job of not doing a good job. As KingKoil said, where is the BofD oversight for the shareholders? Part of the bonus package is my guess. Investor have been bag holders and will continue to be bagholders for a long long time in my ...more  
Comment by JohnFriesen on Jul 30, 2020 8:46am
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Comment by wexworth on Jul 30, 2020 10:02am
You guys are barfing out words without precision or due diligence. The company has clarified on numerous occasions they have sufficient resources to fund the ongoing research program and operations for the 2020. Why don't we build, refine, perfect the forecasts that 24minus7 presented. That would be a more helpful use of the brainpower and insight of the stockhouse members. Or choose a number ...more  
Comment by Ticklel1st on Jul 30, 2020 10:10am
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Comment by Engcan77 on Jul 30, 2020 11:51am
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Comment by Ticklel1st on Jul 30, 2020 12:04pm
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Comment by skiboard09 on Jul 30, 2020 1:09pm
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Comment by Ticklel1st on Jul 30, 2020 1:29pm
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Comment by Pandora on Jul 30, 2020 1:40pm
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Comment by Engcan77 on Jul 30, 2020 2:22pm
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