RE:RE:RE:I hate it when management give themselves option at $4.37I'm surprised the issuance of ITM options that vest over three years is offensive, yet you aren't offended by the exec's salaries given their performance:
"Mr. Aggarwal earns a base salary of $375,000, is entitled to four weeks’ vacation, and is eligible for a discretionary cash bonus of up to 100% of his annual base salary based upon achievement of personal goals and company performance."
"Mr. Mukhi earns a base salary of $250,000, is entitled to four weeks’ vacation, and is eligible for a discretionary cash bonus of up to 100% of his annual base salary based upon achievement of personal goals and company performance."
"Ms. Carroll earns a base salary of $250,000, is entitled to four weeks’ vacation, and is eligible for a discretionary cash bonus of up to 100% of her annual base salary based upon achievement of personal goals and company performance."
"Mr. Singh earns a base salary of $250,000, is entitled to four weeks’ vacation, and is eligible for a discretionary cash bonus of up to 100% of his annual base salary based upon achievement of personal goals and company performance."
- pg 72-74 of 501 of the Filing Statement dated Nov 30, 2020 (see Sedar)
Those options might be profitable one day, but the salaries above are a real cash cost! The management team steered the ship to ONLY a loss of $10.6M in the last year!
Why do you think they went public? People got tired writing blank checks for this exec team to burn through.