RE: RE: RE: Make it like Sheldon The 30 million bonus was registered and paid in 2010. There was no bonus paid out in 2011.
You really should read the MD&A in their report. It is available on sedar.
I rode this stock up in 2010 and got out late that year. I have been accumulating recently as the SP has been lagging their NAV. The stock price usually lags in a bear market and catches up if not surpasses in a bull market.
The NAV was 2.55 on Jan 1 2010. Then moved up to $4.74 on Jan 1 2011 which is why Sheldon was paid 10% of the profits that year. I do not agree with it but that is what was originally set up. Sheldon is still the largest shareholder with well over 10% ownership. I think he sold the 3 million shares to a family member or another account for tax purposes. The NAV recently was $2.61 on Jan1 2012 and over $3 on Feb1. This stock will run when the juniors move which they have recently started to do.