RE:More dilution is not helping SJLdefinitely agree GS. too many shares offered to "a certain investor" for a steal of a deal. trading at .035. sjl doesn't need bashers right now because the market has already bashed the sh*t out of the s/p. i said before. until some serious data - positive data presents itself this is gonna sit.
meanwhile the ceo is collecting a high salary for what? future performance? i don't know but me thinks a high salary should be based on current performance. disclaimers regarding buying shares in a company states, "historical performance no guarantee of future performance". yet the ceo has a guaranteed salary, "from day one" which the "current" share price performance doesn't justify. i have no issue with a ceo getting high pay when he is creating s/p performance but when s/p in the shi*ter - that i have an issue with. according to the info in the april 30th news release, paul ogilvie should have received $175,000 to date. wow. yet we sit at a 3 cent bid. this does bother me.
this company release states:
"As disclosed by the Corporation in a news release dated April 30, 2013 as supplemented on May 16, 2013, Paul A. Ogilvie was appointed as Chairman and Chief Executive Officer of the Corporation and William E. Pfaffenberger resigned as Chief Executive Officer of the Corporation and Donald G. Snyder resigned as Chairman of the Corporation. The appointment of Mr. Ogilvie was effective as of April 29, 2013. In addition to $25,000 per month payable to Mr. Ogilvie under an agreement entered into on April 29, 2013 by the Corporation, the Board also approved the granting of 3,500,000 Common Shares to Mr. - 14 - Ogilvie, subject to Shareholder and regulatory approval of which the granting of 2,400,000 Common Shares is proposed for approval at the Meeting, please see “Business of the Meeting - Approval of Inducement Share Grant” in this Information Circular.