GREY:CHALF - Post by User
Comment by
PortlandBlazeron May 13, 2018 9:19pm
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Post# 28024664
RE:RE:RE:What a disaster
RE:RE:RE:What a disasterYes, Winch has been a professional investment manager focused on short selling. I understand he retired at the age of 31 on performance fees. Yes Drabinsky sued him, and Drabinsky subsequently was sent to jail.
I'm told reliably that in Q4 2017 Winch put together the deal that put $1.1 million of royalty revenue on the GLH income statement, which went straight to the operating income line.
It is public information that he owns 1,200,000 shares, all purchased in the open market. No side deals, no sweet offsets. All paid in hard cash on the open market. He stands shoulder to shoulder with every shareholder. I like that.
From the annual proxy circular last year, we know Winch has not been paid a penny for his work at GLH. We'll soon see what this year's proxy circular has to say, but I expect his compensation will remain $0. He has not been party to any deals with GLH, there are no conflicts of interest.
I want more directors like Winch. Here in Portland, he is held in high regard.