RE: RE: For or Against?Trailorparkboy / Rocksolid,
So with one of you announcing that you are going to vote against management, and the other one admitting to disliking management.
My question to both of you is. : At what price do you rid yourself of the this management team?
I was looking forward to toying with you both for a few days but alas, Tantallon at the Big IF has ruined my fun.
As you don't like the truth presented to you via someone who you both view as a "Basher" , I'll just copy and paste his post from the other site.
Well Minespec,you might want to think twice about about booting Miller and crew out.Check out the Management Information Form on point F. EmploymentAgreements!
Wow! Why buy lottery tickets when you have five winning tickets in your back pocket.
Checkthis out, the "consulting agreement with Adrea Capital (Millerspersonal holding company) says that upon death, retirement ofdisability, Mr (I use that sparringly) Miller is entitled to 2 timeshis annual salary and 2 times the bonusses paid to Andrea Capital.
Thatsthe good news! Upon any reason for his agreement to be terminated forany other reason, Mr Miller is entitled to his annual salary (I thinkits $340,000 per year now) and an amount to the greater of 6 times theannual salary.....
In addition, theCorporation (or ISM shareholders) are required to purchase from Miller,at the fair market value, all shares, rights, options or warrants toacquire shares... and pay him three times the difference between theexcercise price and the fair market value.
Excuse my ignorance but does the CEO of GE get anything like this?