Directors’ Fees Puzzling or maybe not … Page 32 of the Y/E financials show that the SICPA director received $38,000 in annual fees while the other directors received 18,000 each.
Why would the SICPA appointee get to double dip?
Is it because he represents the only meaningful shareholding of any BOD member?
Is it because SICPA has a stranglehold on EUO?
SICPA is what I would call a “Slick Operator”. They have to be given the volatile political environments they operate in. They have an army of in-house and contract lawyers around the world prepared to defend or kill any SICPA contract.
Is anyone really stupid enough to believe that SICPA will allow EUO (shareholders) to benefit from any MAJOR contract?
All SICPA has to is stop payments and entangle EUO into a contract dispute. With no other income to speak of, EUO will be broke within a year or so.