TSXV:FCO.H - Post by User
Comment by
pcnisbeton Feb 24, 2006 7:16pm
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Post# 10424051
RE: do you need more?
RE: do you need more?Since her salary is not reported, how exactly do you know what her pay level was? And she is not an insider, she is an employee. Employee options are standard in industry and are part of the pay package for all minerals companies.
Over the last ten years, if you as a shareholder had been paying a full wage, you would have paid out $600,000 in salary and benefits for a full time CAD and Office manager. Instead, you kept $400,000 in the bank and gave out an employee option that was worth $40,000 before taxes. Now you are beefing that the employee wants to excercise her option?
As for getting a pay check every week, their pay is monthly and there were periods when there was no money for pay, but the employees worked regardless. When was the last time you worked on the come for a company to try to make it worth something?
Some of you seem to be saying, screw the people who work for the company's that we own shares in, only capital investment counts. Thats a sure fire way to make sure that you lose money, every single time. A company that can reduce its labor costs through EOP's and make the workforce feel that they are a part of the ownership of the firm is going increase its odds of sucess every time. That is solid business management and only some goofy very non-thinking penny share promoter would think otherwise.