Post by
jdoubleu on Apr 02, 2021 6:30pm
AGM docs
So, I took a pretty quick look at the AGM documents recently sent out. At first I was irritated that the board etc. Have the right to buy shares and get a 50 % refund, but I think that is the only stock compensation they receive. Did I understand that correctly? If it is, that seems much more shareholder friendly than an annual gift of thousands of shares to everyone lucky enough to be appointed to the board. And it explains the regular purchases by insiders. But then I might be completely misunderstanding... Anyone out there have any insight into the subject?
Comment by
ferret_ca on Apr 21, 2021 8:26pm
that's sounds similar to what they do in the oil industry with their company savings plan, you can invest a certain % of your salary (usually around 6%) and the company matches dollar for dollar in the purchase of company shares. this is a bit different but same idea it seems. did anyone listen to the agm today, I haven't had time yet, maybe tomorrow. cheers ferret