Share Based Compensation-According to the financial statements at Q3 - "Share Based Compensation" for the quarter was $1,266,986. with year to date expense to Sep 30 totalling $2,621,742. What the heck is 'Share Based Compensation' anyway - I know I never got anything for my shares, how do I sign up?.
The Notes indicate certain Directors receive this compensation - but I'm wondering if any salaries are also paid to Directors, I can't see those amounts.
-Total salaries ytd were $11,044,274 but I can't see any breakdown between production staff and management, they might be in line but it would be nice to know more detail. $4 million per quarter salary expense does seem pretty high.
-The $7,216,528 in "General and Administrative" expense seems crazy high. I know they set Shai up with internet and a new chair in his office, but geez - what else accounts for $7 million in 3 quarters?
Does anyone have any more detail?
I'm sure Shai Altman will bring these expenses under control - he was Ppresident of McCain's Foods Canada, you know.