Arcan Resources Ltd ARNBF

RE: RE: RE: Fire the board?

[mathwhiz]

Barney, you were absolutely correct. There were no executive bonus payments for 2012 production that have been disclosed. They only disclosed the 2011 bonuses of $100,000 each, paid in early 2012,  in the 2012 Year end documentation I do believe. Correct me if I am wrong on that. They still have 6 months in 2013 to sneak in the 2012 management performance bonuses. Remember, in the fall of 2012 they rewarded themselves with stock options for doing so well in 2011. I am going to hope that the $100k each was enough to tithe them over for this year as well, however given their budgeting capabilities, I am not holding much hope in that thought. Even when they knew in the spring of 2011 that their targets were a long shot and they had wasted my $$, they rewarded themselves handsomely.