He got a raise!It appears unbelievably that the CEO decided he needed a raise, as per financials to April 30 2020:
"Incurred management fees of $240,000 (ten months ended April 30, 2019 - $175,000) to a company controlled by a director and officer of the Company."
He bumped himself from $17.5K a month to $24K a month. Now he either paid himself out of loans made to the company, or he took a little and left a lot on the books. If acrrued he will then likely roll the debt into shares, perhaps just maybe in someone else's name. Snakey stuff here.
It should also be noted while he felt his performance deserved a healthy salary increase, the company actually lost the only project it had, without a contingency plan of any kind to replace and keep the company relevant and operating. Makes you wonder a lot of things.