TS03 Inc Trust Units TSTIF

RE:After loosing $ 34 000 000...in 3 years and a half...

[newdant]

Yes the provision Rumble negotiated to have Stryker retain (one full year) all 53 staff along with bonus structures and then guarantee change of control payouts and six year director insurance (at up to 250% above current costs - tells you something) against lawsuits its ridiculous and not necessary. They might want to retain a few employees but saddling them with so many redundant positions in finance, global commercialization, mfg is a waste - these added costs should go to shareholders. Most should have been let go a long time ago, and can you imagine what Rumble promised to the sales team to keep them! Sales people just don't stay when they see themselves not making quota and these guys have been paying their mortgages on base salary only - not likely at all.

Hopefully an interested party will come forward with bid that eliminates these unnecessary costs and I suggest they do it in a way to bypass this BOD and management team and appeal directly to shareholders. Aside from Casse Depot  there are many retail shareholders that own more shares than the executive team and the BOD combined who have been self serving on a grand scale for too long. This has been mismanaged so badly - imagine putting a putting sector worker as head of the BOD when the company so desperately needed commercial advice? And paying your 2nd SVP of Globalization 1M in month one then after expansion plans where scaled back to NA only keeping that person on board for what - 250K to be head of HR and administration?
Unbelievable, and Rumble never would have done these these things with his own money. He has treated shareholders with absolute contempt.

But Courage is lucky, after getting suckered in by Rumble they are breathing a big sigh of relief with this offer but its a very poor outcome for investors and Stryker is salivating to get TOS at such a low price. The 'arrangement' is posted on sedar if you're interested.
GL