Bonus PaybackToo bad the agreement didn't provide for a reduction in pay equal to 10% of the realized losses. Trading at cash plus a bit, I guess DEJ, PAN, MOO, ATI, LVL are worthless according to market value.
The Company’s consulting agreement with its CEO calls for an annual bonus equal to 10% of the Company’s pre-tax realized profit of the Company. Included in operating, general and administrative expense is $935,506 (including GST) (2007 - $2,565,062) relating to this bonus.