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Western Magnesium Corp V.WMG.H

Alternate Symbol(s):  MLYF

Metals & Mining Industrial Metals & Minerals
Western Magnesium Corporation is a producer of green primary magnesium metal. The Company is focused on plant operations and magnesium production. It uses a continuous silicothermic process to produce magnesium with low labor and energy costs while generating minimal waste and toxic by-products. The Company's technology eliminates inefficiencies and allows for a continuous, mass production of magnesium. Its magnesium is used for technological advancement opportunities for American industries including auto, airline, aerospace, and protecting national security interests with the department of defense.


TSXV:WMG.H - Post by User

Western Magnesium Corp > Billboard Buzz: Shareholders ask CEO to go without a salary
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Post by Discordtostockon Jul 08, 2022 10:55am
214 Views
Post# 34810918

Billboard Buzz: Shareholders ask CEO to go without a salary

Billboard Buzz: Shareholders ask CEO to go without a salaryEmbattled CEO Sammi Ataya of Western Magnesium has been asked to forgo his almost $500K salary a YEAR and 18M in stock until the company has actual revenue.  WMC is a R&D company with millions and millions in salary for a small group of executives with no revenue or sales.  If the CEO really cared about the company, he would forfeit ANY compensation until this company is profitable.  If he is very confident that he has groundbreaking technology, and you are so close to up listing on the NASDAQ in 6 months, then it shouldn’t be far off before this company turns a profit right?   Then you take your inflated salary.
 
Lets see if you stand behind your product you tout as so exciting.
 
I bet you don’t!  That’s because you could care less about shareholders and only about talking for hours in a 30 min interview which was horrible watched by a total of 78 people and lining your pockets to the tune of $500K a year.  Shameful!

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