RE:RE:Oh ya and then there's Ronnie Ronnie Ronnie PBaelish, "To put a finer point on it, on average, based on Q2 reporting, EACH bored member receives $20,000 per month... $1,000 per day!!"
On pg. 6 of CZO's Q2 2023 MD&A it says "Board of Directors compensation" was $196,000 for the three months ended June 30. There was five members of the Board of Directors(Gagnon, Miller, Li, Kosciessa, Foster). That works out to $13,066.67 per month for each of five Directors for Q2 vs. PBaelish's reported $20,000 per Director.
Why is PBaelish reporting monthly payments inflated by 53% per Director?
PBaelish "FOR WHAT?!"
News release: "Further, over the past quarter we remained very active with our activities related to strategic corporate initiatives."
MD&A:
"Board of Directors compensation expense also increased significantly in both the current quarter and six month period. This was partially due to an increase in director base compensation that was effective late in the second quarter in the prior year, in order to better realign the compensation to market. Base director fees had not been increased in over 10 years. Board of Director fees also were higher due to a higher share-based payment expense relating to the granting of stock options in January 2023. The primary reason for the increase in Board of Director fees is related to the Company’s objective to focus on value creation and growth of the Company. In line with this objective, in the current three and six month periods, directors were engaged in assessing different strategic growth opportunities which also resulted in significant legal fees incurred mostly for conducting preliminary due diligence on one particular opportunity which has been the subject of various levels of attention by the Company during the financial year. As noted in the first quarter, the Company continues to assess all possible strategies to support the accelerated growth of the Company in step with the planned intention of entering into new markets through our pipeline of new products and technologies, although no assurances can be provided as to whether such strategies will be able to be successfully implemented in a timely fashion, or at all.