SorensonSorry, you put me to sleep there feller. Im never embarassed. People who post under anonymous handles and then get emabarassed are fools. Same with ego. Whats ego to anonymous person. And I dont get embarassed in real life either as I usually know more than the person Im talking to.
So, why dont you ask the company for a copy of the lease agreement with the ceo and lets take a look if youre so sure. Then we can compare what they are paying and the terms to other properties in the area.
Stupid. I do hope the lease in question at $850,000/ yr is not the shiithole of a building with the for rent sign in the window.
And if it is and theyve moved to the new production site how many years more of lease payments do you think the ceo will get for a property thats empty and how is that not a conflict of interest? Stooopid:) And did the ceo negotiate the terms of that contract with himself? Stoopid? :)
20. Related party transactions During the three and nine-month periods ended September 30, 2022, the Company concluded the following transactions with related parties: In January 2020, the Company entered into a lease agreement for the rental of a property with a trust whose beneficiary is the controlling shareholder and CEO of the Company. At September 30, 2022 the carrying amount of the ROU asset and lease liabilities are $849,034 and $929,488 ($1,107,131 and $Nil, respectively, at December 31, 2021). Rent and property taxes charged by a trust whose beneficiary is the controlling shareholder and CEO of the Company, for the three and nine-month periods ended September 30, 2022 amount to $69,054 and $208,334, respectively ($68,825 and $206,310 for the three and nine-month periods ended September 30, 2021, respectively). A balance due to the controlling shareholder and CEO of the Company amounted to $136,335 ($144,506 at December 31, 2021) and is included in accounts payable and accrued liabilities. The Key Management Personnel of the Company, in accordance with IAS 24, are the members of the Board of Directors and certain officers. Total compensation to key management consisted of the following: Three months ended September 30, Nine months ended September 30, 2022 2021 2022 2021 $ $ $ $ Salaries – key management 270,532 253,805 844,374 714,019 Pension contributions 4,961 4,634 15,641 13,042 Fees – Board of Directors 45,700 72,400 134,700 147,400 Share-based compensation – officers 958,519 264,736 1,771,433 2,057,061 Share-based compensation – Board of Directors 221,197 251,467 1,979,410 1,963,317 Other benefits – key management 7,897 122,867 21,935 176,219 Total compensation 1,508,806 969,909 4,767,493 5,071,058
I think I might add pry sh to my book marks. I like arguing with stoopid people:)
Just ask Rummager.
Cliff:)