Post by
Bruceforever on Jan 30, 2017 6:43am
My take about EUO
When we see by SEDI, that Bruce is buying shares of EUO, we cannot see him like a shareholder. He doesn’t want to provide any guidance of the Company. To me, this is one of the biggest stupid things that a CEO should avoid. Any shareholder can run a sheet of Excel, and see that ALL Management costs would be the same for this year, or bigger than 2016. To me, this is a guidance that like a shareholder I can do. Now, I must see what kind of projections they will done to cover those kind of costs. Are they going to sell enough XD-ERF around the world to cover all the costs? If not, why? How many sales they expect? How many spectrometers? Which is the main client? Right now, EUO is selling around $300,000 CAD each quarter, but only Bruce salary is $160,000 by quarter and Doron Reinis another $160,000. So again, if you cannot provide any outlook, all those spectrometers only serve to pay them. Then Bruce, try to fool the market, buying $1,500 CAD (peanuts) each month. Hey! I’m here…I believe in this Company. LOL
Comment by
Raptorman2013 on Jan 30, 2017 9:26am
Give me a break. That is such a load of BS. Sure, Bruce is just writing big salary cheques while the board just watch. $160K a year is a reasonable salery for his position. When a ID (on stockhouse) popes up a states BS like this makes me wonder if news might be coming soon. Are yiu the same guy who has inside information that he can't tell anybody. this site is such a joke!
Comment by
Raptorman2013 on Jan 30, 2017 11:31am
ok. Answer this question. What are you doing about it? Are you selling your shares and moving on? Are you holding or buying more? In short with respect to the data you just put up, what is your next move?
Comment by
Bruceforever on Jan 30, 2017 11:43am
My move is respect this board. Respect all the people. And be transparent with my posts. What's yours? If you disagree with my post, just tell me what's wrong.
Comment by
Raptorman2013 on Jan 30, 2017 11:56am
for starters why didn't you mention the SICPA part of the equation. A little something called ~16 million dollars (plus additional funds). What about ~10% ownership by SICPA. Do you think Bruce is the highest paid exec on Bay Street or something? Do you advise that we should get rid of Bruce and get somebody at half his pay grade? Bend over and smack yourself on your A*S
Comment by
kidl2 on Jan 30, 2017 1:02pm
While I applaud your effort in pointing out the rather princely salaries, you are completely invalidating your comments by “cherry picking” the comparable revenue numbers. Be a good boy and rework your numbers using EUO’s gross revenue. TIA
Comment by
Bruceforever on Jan 31, 2017 4:15am
Dear Kidl, You are missing my whole point and that is Bruce and the gang are still making out in salaries as if ( No...wait, they are making MORE now) EUO had a functional business (GFI) going on while EUO no longer makes a gross profit to even cover for those salaries. Is it too dificult too understand m