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49 North Resources Inc V.FNR

Alternate Symbol(s):  FNINF

49 North Resources Inc. is a resource investment, financial, and managerial advisory company. The Company’s principal businesses include investing in a diversified portfolio of common shares and other securities of resource issuers including, without limitation, resource issuers engaged in mineral or oil and gas exploration and development, with a view to achieving capital appreciation of the portfolio. It invests in all sectors of mineral exploration as well as oil and gas exploration and production around the globe. The Company’s portfolio is comprised of investments that are predominantly Saskatchewan focused on private and public resource issues at various stages of development. Individual projects range from grass roots exploration to near feasibility in the minerals sector and early-stage production of hydrocarbons.


TSXV:FNR - Post by User

Bullboard Posts
Post by currency24on Dec 18, 2012 1:19pm
207 Views
Post# 20746103

FNR's STAFF BONUSES - Christmas???

FNR's STAFF BONUSES - Christmas???

In the spirt of Christmas lets look to see who or why or for what reason the Board would grant Bonuses:

All in my humble  opinion

Performance? No WAY

Investments? NO WAY

IR? NO WAY - its poooor

SPENDING MONEY? Yes

EXPENSE ACCOUNTS - Travel-Conferences - JETS ( Privvate and Public)? - Yes

OVERBLOTTED STAFF? Yes

Friends, Family and etc? Yes

ETC?

Bottom Line the MGMT and Staff should not be rewarded with any bonuses, ZERO. In fact they should cut staff and MGMT and bring in a new Team, including moving Tom out ( set him aside as an Advisor).

The Board needs changes - first replace the open slot with a True Independent Board memeber, then get rid of the Chairman and Friends, bring in top notch team. But, then again, its a wish list and it will never happen.

PS - Get rid of the junk penny dreadfulls ( Tom Mac Neill Line - penny dreadfulls) and invest in Good High quality companies, royalities, projects and etc.

Bullboard Posts