RE:RE:RE:RE:RE:RE:RE:RE:RE:Information Circular posted Anyone’s compensation should be based on their ongoing performance, the idea of bonuses is to create incentives to deliver results based on objective judgement and not an automatic exercise. Molson has business background but that is in a different industry, at first many speculated his business ties could be an asset but unfortunately that turn out to be only wishful thinking. Although a good track record is a good start there is no guarantee that would translate to future achievements, in fact past performance only is not indicative of future results regardless whether one has been successful in the same field or not. The reason is future is unpredictable, turbulent and volatile meaning despite having experience and good past execution one is as good as what they are achieving now and going forward, their ability to keep learning and adapting is the key imo. Since the company is public it should be in their daily agenda to support a fair valuation which seems to be the neglected issue. One has to wonder how effectively that issue has been addressed by the company. To simply saying a biotech company is high risk high reward investment is common knowledge and doesn’t add any more clarification/justification to the investment thesis instead there should be reasonable arguments. In the absence of any decent coverage from analysts it is the company’s duty to produce the reports and discuss them with investment communities retail or institutions. As an investor my question is what has been done to support the valuation and what could/should have been done?
Lee430 wrote: Palinc,
Initialy I was impressed that Molson was joining the BOD, now that the honeymoon is over I am not really sure what need he is filling, can someone speculate as to why he was added to the BOD and how such an expense was justified?
palinc2000 wrote: The BOD in gneral is not impressive,,,,Most would fit well on the board of a retirement living community,,,,,,I know this is harsh but I think some younger still active and imaginative and demanding board members would help create a better image,,,,I cant see how Levesque can have a good fit with the current members ...Arena is probably the only one picked by Levesque.
slso what does Molson bring to the table,,,,? Access to Montreal Canadians game!!!