MANAGEMENT INFORMATION CIRCULAR- posted todayGreat for shareholders!!!!! "Mr. Evans has agreed to provide services as CEO of the Company for an annual base salary of $420,000 and an initial grant of $243,720 equivalent in stock options"
"Mr. Wennemer agreed to provide services as COO of the Company for an annual salary of $400,000 plus the opportunity to earn an annual bonus up to 25% of base ..."
Here is a guy that leaves a sinking ship at a time when he was making $33K a month who does that and why did he not stay on and milk this cow dry? DId moral fortitude play a role?
“As a new company in the development stage, with a technology-based solution aimed at disrupting a mature market, the recent trend shown by the foregoing graph (i.e., a decline in share price) does not reflect the trend in the Company’s compensation to executive officers (i.e., an increase in executive compensation).” Sort of saying WTF is going on hey? So odd to hear the company is still in the developmental stage considering the company was rolling out its technology more than four years ago!
How much do you think it would cost to compensate six “directors who are not also Named Executive Officers, for the Company’s fiscal year ended July 31, 2021. Take a guess? It was over $500,000!!!!! No stretch of the imagination where they got that compensation… from the pockets of shareholders like you and me.
Cronin had 300,000 options @19 cents expired Oct 3rd 2021 and also has 250,000 options at 30 cents set to expire Oct. 31 2021 but considering he "Ceased to be Insider" he no longer has to report changes to his Patriot One shareholdings- how convenient so don't expact a pop in the share price as he likely unloaded his converted options