RE:RE:RE:RE:RE:RE:Buying at .08 is a good buy imoDoumDiDoum wrote: Rogg47 wrote: GoldNHill wrote: Rogg47 can you put some number behind your "overplayed Management" comment?
How overpaid is Kevin relatively to other CEOs managing pre-production properties?
I know Jacque Levesque was pulling in $250K per year in the 1990s and we all know what advancemet to he made with the Company...little if any over a couple decades.
Keen to see some stats or are you just saying he is overpaid?
1st whatever the salary they have, it's way too more for the decrease in our value they've "accomplished!!...
2nd just take a look at the Financials and you'll have your answer! ;-) Note 19 of the June 30 2024 Interim FS, we're at $673 747 after 6 months!! On top of that, considering that the "Corporate administration" fees in the P&L are $1 765 002 (funny no notes regarding this line....) and the difference isn't only office expenses!!..., I would "love" to see their expense accounts that I suspect being ENORMOUS!!... For a part-time job + their bad management = OVERPAID Management in my books!! Voila
Hey Rogg, I also agree that they were overpaid. By how much? Well, it all depends about what they were doing and at what time. It's pretty tough to assess.
I do not think the equation you're using to prove your point is strong though has GOOD management could also be OVERPAID. FULL-TIME job could also be OVERPAID. So perhaps you should ponder about that before publishing your BOOK... ;-)
Lolll why I'm not surprised by your answer?!?... The intention of my post wasn't to convince the Pumper Cheerleader in you, it's a lost case!!....
And BTW I wouldn't have a problem overpaying GOOD Management like you're mentionning because they would have brought value to my investment and $$ to the company!! None of this apply to SGNL....