RE: 2006Sorry waz - thanks for the compliment... You're right - stooping a little low I am....
I just think the move to harbour center is not a very bright one.
After the .com bubble burst, I worked for a company in a slummy warehouse office that was profitable. During the interview process I was concerned about the quality of their facilities, but I had already scoped out their financials. I was impressed that this company was more interested in first turning a profit and then upgrading their facilities, rather than the other way around. IMO that was a soundly managed company - one who put sustainability first. Soon after I started, they upgraded their facilities.
IPX OTOH seems to be more after bling than sustainability. Burnaby was a cheap office compared to Harbour Center. Not only that, it had room for growth. At least from what I recall. It's a poor management move. Nothing I'm not surprised about.
Furthermore, 200k for a CEO of a company bleeding red ink IMO is a bit excessive. If the board was committed to seeing IPX through to profitability, they would have made Mark Sampson's salary a performance based one.
I agree with smallcapper; the next financials to come out give a better indication of where this company is going.