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Voyageur Signs Letter of Intent with Large Multinational Pharmaceutical Company (click to learn more)
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Enterprise Group Inc T.E

Alternate Symbol(s):  ETOLF

Industrials Industrial Distribution
Enterprise Group, Inc. is a consolidator of services, including specialized equipment rental to the energy/resource sector. The Company works with particular emphasis on systems and technologies that mitigate, reduce, or eliminate carbon dioxide and greenhouse gas emissions for itself and its clients. It provides specialized equipment and services in the build out of infrastructure for the energy, pipeline, and construction industries. The Company provides oilfield infrastructure site services and rentals. Its rental fleet includes patent-pending efficient modular designs that provide its competitive advantage. It designs, manufactures, and assembles its modular/combo equipment, including fuel, generator, light stand, sewage treatment, medic, security and truck trailer combos, or when required, subcontracts manufacturing to local suppliers. It also provides low emission, mobile power systems and associated surface infrastructure to the energy, resource, and industrial sectors.


TSX:E - Post by User

Enterprise Group Inc > Here's my estimate of how much $ they lost in 2021
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Comment by jcw604on Feb 16, 2022 11:08am
160 Views
Post# 34433755

RE:RE:RE:RE:RE:RE:RE:Here's my estimate of how much $ they lost in 2021

RE:RE:RE:RE:RE:RE:RE:Here's my estimate of how much $ they lost in 2021
jcw604 wrote:
foundalpha wrote: Here's a little wrinkle with a takeover. Recall my earlier accusation of management entrenchment...

Len (CEO), Warren (CFO), and Des (VP of something) have change of control clauses in their employment contracts and would receive $2.6 million, $0.8 million and $0.7 million respectively. So, an extra $4.1 million on top of today's market cap of $18 million is required if E is taken out.

Those change of control clauses equate to 30 months of salary. So, the top 3 guys pull in collective compensation of $1.2 million on annual revenue of less than $19 million. To the moon, baby!


Thanks for the findings.


Can someone further define what a change of control is? Those management are already reporting to the board. By adding new members in the board, is it a change of control?
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