TSXV:AMG.P - Post by User
Comment by
copperplateon May 07, 2013 1:39pm
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Post# 21348055
RE: RE: Fire - John Fiorino
RE: RE: Fire - John Fiorino What are the odds the CEO takes the remainder of his deferred salary in 3 cent shares instead of cash and lines his pockets with ridicuously cheap shares in the process? Happens all the time when these juniors don't have enough cash in the till to pay the officers or directors who control them.. wouldn't suprise be me if we saw it happen here soon as well, at the expense of massive dilution to existing shareholders.
Regardless, the company is so strapped for cash that they have gone into a holding pattern/survival mode, like so many other juniors on the exchange and a $75K payout to the CEO during a crisis like this is utter insanity - and a slap in the face to investors. I'm with bluesteele... this company is making a mockery of the exchange and investors alike.