GREY:NEVDQ - Post by User
Post by
italianoMumBOon Nov 10, 2024 12:46pm
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Post# 36305558
Message to Nevada Copper directors
Message to Nevada Copper directorsHere is another one, click on the web link below and you will see in the SEDI filings that directors are receiving massive amounts of Deferred Share Units and Pala + Mercuria getting one more shot at converting debt to over 10 million NCU shares at the end of December 2023...
https://ceo.ca/ncu DSUs are used as a form of compensation and incentive and only exercisable for cash once their employment is completed or are retired. The amount of DSU's received is tied to the share price... The lower the SP, the more DSUs received to total the compensation/reward for that period. The SP dropping had no effect on director's compensation... Directors simply received more DSUs...
As a director, why accept DSU's if they weren't exercisable for anything? Directors know way more about what's going on than the retail public shareholders and the fact that they accepted those DSUs means that there was something coming for them.
Man you guys lack integrity and should be ashamed of yourselves...
Shame on you.