GREY:MYMMF - Post by User
Comment by
WeeblesWobbleon May 01, 2018 11:21am
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Post# 27964413
RE:RE:RE:RE:RE:Very Dissapointed with Investor Relations
RE:RE:RE:RE:RE:Very Dissapointed with Investor RelationsThis is not meant as an attack but merely an elaboration of points I have made earlier. As small (less than 10%) shareholders, we have three options if we are not satisfied with how mgmt is conducting the business. Vote at the AGM for new directors who will replace existing mgmt, go to court and force a Special meeting to replace existing directors/mgmt or sell our shares.
MYM is in a very competitive industry, albeit one that is in its infancy. Publicly disclosing the cost of the Ad campaign would be giving competitors information that they are not entitled to. As for the compensation package of new hires, the Mgmt Information Circular dated March 1, 2018 contains extensive info on executive and director compensation. The compensation packages for the new hires will not be materially different from existing executives and directors (otherwise they would leave). Admittedly, the info is not wrapped in a neat package, but it is there if one wants to dig.
As for the "insane" price paid for Budly, what is your basis for believing MYM overpaid? Do you hold a CVB designation? Do you have access to info which would illustrate prices paid for assets similar to Budly? Just wanting to understand where you are coming from.