USA - Is it me or is it Bull? Just my personal thoughts, views, concerns.
Understand that the loss for the quarter was partly attributed to the decrease in the metal price of silver, lead and copper and exploration development costs. Another contributing factor was the huge increases in Executive compensation, in some cases increases of over 50% from year before levels. Options were granted without any regard to shareholder losses....losses approaching in some cases at 200%.
Now did Sprott come in to save our money? Or is this business as usual, with the line that success of the Company rests on our Executives being paid very, very well? Now the Company can hire all their consultants to deliver a report that they in fact deserve this compensation. Bull!! I can hire my own firm that will say the exact opposite.
Management and Directors need to have a personal stake in he Company...All should be buying at the market price right now. If they do not, question why.
If returns for shareholders were higher and profits were the norm than yes by all means reward Management and Directors.
All Executive can easily be replaced.
Now, some of us remember the shenanigans. Shenanigans you say? Very accurate, to describe what happened with....private placement, hedge, NYSE listing, CEO retirement, CEO search, development, communication, Hecla, RX Gold, etc.
Seems the so called Executive had a moral and integrity issue.
How about our new Executive (US SILVER & GOLD)? Any moral, integrity issues there? Are they competent to look after shareholders money?
Maybe we as shareholders should plan a proxy battle for the next Shareholders meeting just in case...
Maybe introduce several resolutions to benefit all shareholders and not just one. Maybe introduce a resolution to decrease executive compensation and expenses thus returning the company to profitability.
Hecla knew we were weak...What are we as shareholders prepared to do to strengthen our position and share price?
GLTA