Severance Disclosure! Let's see what the Management stakeholders actually staked in the company:
Robertson-CEO/President/Director: 12,500 Common Shares(receive $3,125.00); 12,500 Warrants; 300,000 Options; Severance, Termination or Other Payments-$55k.
Morita-CFO/Director: 140,000 Common Shares(receive $35,000.00); Nil Warrants; 200,000 Options; Severance, Termination or Other Payments-$55k.
Reed-Nil/0 Common Shares; Nil/0 Warrants; 300,000 Options; Severance, Termination or Other Payments-$45k.
Stinglhamber-Director: Nil Common Shares; Nil Warrants; 260,000 Options;Severance, Termination or Other Payments-$30k.
Kennedy-Corporate Secretary- Nil Common Shares; Nil Warrants; 200,000 Options;Severance, Termination or Other Payments-$15k.
Porter-Bookkeeper: Severance, Termination or Other Payments-$8k.
Urata-Executive Administrator: Severance, Termination or Other Payments-$7k.
Notes: warrants were above exercise price @$0.50(re-priced from $0.75) therefore, not exercised!
Not a bad day's ROI for these people given their inability to diligently manage the company for the financial benefit of all investors/shareholders! Could have been worse!
Another one bites the dust!