President's Share Ownership from SEDIJust took at look on SEDI.ca and see that William Sean Guest owns 412,990 common shares and his last reported share purchase was November 19, 2020. He has not reported a direct share purchase since then. They state on page 4 of their November 2021 Presentation that "Trading below cash value of $0.60" but the leader sees no need to buy shares?
I know that he and others are subject to certain trading blackouts but I don't see any financial commitment from this leader who is drawing a last reported salary of $370K/year plus annual bonus. I see that their peer group for salary comps is a bunch of 20 international public companies, 8 of which trade only on AIM. Perhaps the peer group should be revised to include only TSXV companies that have no assets (other than cash) because this Company is now a JR start-up seeking assets. Start-ups pay management barely 50% of what this Company is paying their executives. Time for a reset.
Reported insider transactions for WSG on SEDI since January 1, 2020 are:
- March 17, 2020 he was granted 550,000 options exercisable @$0.25
- November 25, 2020 he surrendered/cancelled 275,000 options excercisable at $4.62
- November 25, 2020 he surrendered/cancelled a further 300,000 options exercisable at $3.02
- March 26, 2021 he was granted another 550,000 options exercisable at $0.52
If they have their hand out for bonus for last year efforts (typically awarded in March of a year) they should be ready for some questions at or before the May AGM. They already got paid their bonus in March 2021 for the 2020 shallow gas sale.
Time for the Board to announce strategic alternatives or for the Co to do something.
Not impressed.