Well the wait will be over finally on fiscal 2019. Bothe the Management Information Circular and the Proxy Form are available on Sedar and most likely Sedi. Shareholders will be asked to vote on the following:
1. to receive the audited consolidated financial statements of the Company for the year ended December 31, 2019, together with the auditor's report thereon.
2. to set the number of directors at four.
3. to elect directors to the Company for the ensuing year.
4. to appoint MNP LLP as auditor of the Company for the ensuing year and authorize the directors to determine the remuneration to be paid to the auditor.
5. to transact such other business as may properly come before the Meeting and any adjournment thereof.
The fact that these docs were released without any NR or even placed on website bothers me. I am also annoyed at the fact that no other directors could have been named for election based on the rules set forth. Directors had to be put forth by August 17th to be eligible to run. But we had no knowledge of when the AGM would be held. So no choice but to elect the current slate.
Some things of note that I took from the Management Information Circular.
- David Hyde was terminated on 13 November 2019.
- Carlo Rigillo was terminated on 26 February 2020.
- Neil Weaver was terminated on 30 April 2020.
- Thomas Gerstenecker’s salary has been reduced to $200,000 in fiscal 2020. I believe that is down from $277k.
I am not happy with how the Management has executed on it's business or how long it has taken to get here under a CTO in Canada. There are still a number of questions that come to mind and until we see the actual fins for 2019 and subsequent quarters I will refrain from judgement. Suffice to say the fins had better be improving from my standpoint. I just hope this Management has learned from the last 2 years and can execute better and communicate much better with Shareholders. GLTA!