RE: CONCERNED SHAREHOLDERS OF AUSTRALISUnbelievable. Unfathomable that this group, the Concerned Shareholders Group, would have the gall to release this.
- "The increases were given as Aurora fell on hard times. The company said this month that it incurred $3.3 billion in losses in its 2020 fiscal year, including $1.86 billion in its latest quarter due to large impairment charges".
- "Its proxy circular showed that former executive Terry Booth was rewarded about $4.8 million in compensation in the company's latest fiscal year, up from roughly $2.4 million in the year prior and $1.5 million in 2018."
- "The company agreed in 2018 to give Booth 24 months of his base salary and cash bonus, and all unvested equity options in the event he was terminated without cause or resigned for good reason including a change of control of Aurora."
( https://www.cbc.ca/news/canada/edmonton/aurora-increases-executive-compensation-after-layoffs-3-3b-in-losses-1.5748958 )
Why won't they tell shareholders,
- Who/how would the 'refreshed' board impact how AUSA's developing business in the US? Who of them have a track record in US business with specific examples?
- Who will be their management team?
- Clarify the incestious linkages/relationships shares by Duke Fu and Nutritional High. (including any of the Concerned Shareholders equity positions)
My god, Aurora's downfall is the height of corporate kleptocracy, an epic demise in shareholders wealth. And they ask shareholders to swallow this BS???
Vote Blue oregano83 wrote:
CONCERNED SHAREHOLDERS OF AUSTRALIS highlight exorbitant Compensation Grants, CONFUSING ASSESSMENT and SET SIGHTS ON EXPANDED U.S. CANNABIS OPPORTUNITY
https://www.newswire.ca/news-releases/concerned-shareholders-of-australis-highlight-exorbitant-compensation-grants-confusing-assessment-and-set-sights-on-expanded-u-s-cannabis-opportunity-806729352.html