Sirona Biochem Corp V.SBM

R+F Revenues and Transaction Bonus

[Kingkoi]

Sirona received US$50,000 or CAD$67,225 in royalty payment from R+F and management paid themselves $150,000 and two months before, they gave themselves $110,000 for a total of $260,000. So to recap, $67,225 in revenues and $260,000 in bonuses as follows:
Howard: $94,000
Chris: $74,000
Michelle: $54,000
Graldine: $39,000

How is that even legal? Where is the BCSC?

[forhandlaren]

Probably not illegal, but very offensive  action in respect of me as an investor that fund their greed. The bonus was inpropriate based on - negative cash flow (besides private placements) - the warrents and options they like to hand out to themselves are more than enough as they dilute my investment - wage and their warrants/options should be enough to make them stay Simply out, the bonus

[Ticklel1st]

How is it that the company has lots of bonus money to payout to management, but would never pay any of it out in dividends to the loyal shareholders  hat have aided the want money, get money and ....keep money... of sirona?? I think that is a fai question. And does those shareholders think Howhee has their best interests in mind when they grabbed the cash in a dash??

[MirrorWorldMan]

Sales bonuses generally do not materialize untill income realization. Nice comment. Howie et al is out of touch. 

[Ticklel1st]

I thought the reason the pigs get paid so much pr month ws to do exactley what they gave themselves bonuses for? I there is any money made...that belongs to he company. Want your money, get your money, keep your money. Get used to it all you long time suportrs of this bunch who think they have your financial interests as their top priority. I'msuggesting the an incvestigation of the

[JohnFriesen]

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