Post by
ranforurlife on Apr 17, 2021 9:16pm
re: CEO misses
Sorry I wrote last posting while walking on my iphone so it was a bit off. Your questions and concerns are valid and pertinent to everyone. We know from the financials that LVV provided 2.2M of sales on last financials, so where will they go get the sales now if fixed costs are probably a lot higher than the revenues generated especially if the CEO insists on getting the same pay as when he brought in LVV as an investment. Technically, the CEO should be getting a major salary reduction based on his lack of performance and so should his CFO Mark Scott. A company cannot pay salaries to people that does not have the money for them. The PP funds should be for investment purposes but in this company the CEO sees those funds to keep his current salary going. This policy must change as soon as possible. If the CEO has any conscious he should reduce his salary himself to keep the company a going concern, but we will see his true character when he must the music from an upset shareholder base that are no longer going to tolerate his behaviour of all talk and no action for shareholder value. it will be upon RY to take charge of this situation if he wants his investment in this company to take a different and more profitable turn than the disasterous results created by the CEO. I meant to say that if you join ceo.ca/rdko you can DM me to get your feedback sooner. That's all I will say for now, unfortunately I can't predict how this BOD is going to act because they act in a very unprofessional way even as they try to say otherwise. Everythin is up in the air, as they say.