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Bullboard - Stock Discussion Forum Global UAV Technologies Ltd C.UAV

Alternate Symbol(s):  YRLLF

Global UAV Technologies Ltd. is a diversified, vertically integrated drone technology company within the commercial Unmanned Aerial Vehicle (UAV) sector. The Company, through its wholly owned subsidiaries, provides a full range of UAV-based services and products, including production, research and design of professional grade UAV’s, geophysics and remote sensing survey services, and regulatory... see more

CSE:UAV - Post Discussion

Global UAV Technologies Ltd > Burns Resigns.
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Post by pitbul13 on Mar 19, 2020 8:37am

Burns Resigns.

Global UAV CEO Resigns - Newsfile

19-Mar-2020 08:00:09

Vancouver, British Columbia--(Newsfile Corp. - March 19, 2020) - Global UAV Technologies Ltd. (CSE: UAV) (OTC: YRLLF) (FSE: YAB2) (the "Company" or "Global UAV"), a drone technology company, is reporting that Mike Burns, Director and CEO of the Company has resigned as a director and officer of the Company and its subsidiaries, effective March 18, 2020.

 

The Company's Board of Directors have assumed responsibility for the operations of the Company and its subsidiaries, including the ongoing continuity of its operations for its clients and projects that are in progress and in the pipeline.

 

The Board will provide further updates as matters develop.

 

About Global UAV Technologies Ltd.

 

Global UAV Technologies Ltd. is a diversified, vertically integrated drone technology company within the commercial Unmanned Aerial Vehicle ("UAV") sector. Through its wholly owned subsidiaries - Pioneer Aerial Surveys Ltd., High Eye Aerial Imaging Inc., UAV Regulatory Services Inc., and NOVAerial Robotics Inc.- Global UAV Technologies Ltd. provides a full spectrum of UAV-based services and products including drone research and development and manufacturing, flight services and regulatory compliance. Global UAV Technologies Ltd. will continue its growth through technology development, expanding the business of its current divisions and the continued evaluation of potential acquisitions. Global UAV is well positioned for growth as a vertically integrated drone technology company.

 

On behalf of the Board of Directors,

 

"James Rogers & Andrew Male"
Director & Director

Comment by RedDragan on Mar 19, 2020 11:10am
Well I'm sure Mike will be just fine as long as he saved some of the money he took out of the company.  His $180k salary plus the double-dipping as President of Pioneer which was not reported in the financials. On top of the cash he took for the sale of the business in the first place. And all the tax credits he left in Pioneer Exploration when he converted the initial business purchase ...more  
Comment by divot111 on Mar 19, 2020 12:14pm
It's about godamnn time Burns. 100% loss for every shareholder but you made bank before walking away after completely destroying all shareholder value. You WILL NOT be missed. I hope you and your management buddies continue living your posh lifestyles on all the megafunds you imho undeservedly took from the company. Actually I hope nothing but the worst for you and the like and feel terrible ...more  
Comment by Fejjy2016 on Mar 19, 2020 1:29pm
Agreed, good riddance Scumbag!